abhishreshthaa
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Dematerialization – An Introduction
Dematerialization is the process of recording physical holdings (Warehouse receipts) in electronic form
Facilitates easy transfer of holdings through the electronic mode
Parties involved in the Demat process
Client, Warehouse, Depository Participant, R&T Agent, Depository
Procedure
Opening of account with a Depository Participant of NSDL
Deposit Confirmation to the Registrar & Transfer Agent and Depository
Validation and Confirmation of request by the R&T Agent
Electronic credit of the balance in the Demat account of the account holder
Dematerialization – An introduction
Dematerialization – Entities
Dematerialization - ISIN
Commodities identification using ISIN (International Securities Identification Number)
ISIN is a Unique number allotted by the depository (NSDL)
ISIN to be unique for handling
Commodity type
Grade
Warehouse operator
Location/branch
Validity period for delivery in the exchange
Commodity ISINs are communicated to Members by NCDEX
Dematerialization - Good delivery norms
Standard grade of commodity notified by the Exchange
ISIN Code is allotted based on this Standard grade
Rate of premium and discount to the standard grade is also identified
Validity date specified for each ISIN
Commodities not conforming to Standards specified are considered Bad delivery
Dematerialization – Process flow
Dematerialization – Demat credit
Assaying of goods done by approved assayer
List of accredited Assayers
SGS India Pvt. Ltd
Dr.Amin Superintendents & Surveyors Pvt. Ltd
J.B.Boda Surveyors Pvt. Ltd.
Geo-Chem Laboratories (P) Ltd.
Acceptable grade and quality specifications for the commodity are assessed
Electronic transmission of information of deposit to NSDL
Confirmation by NSDL
Validation and Credit into demat account of seller client under the specified ISIN
Statement of Credit available thru NSDL under specified ISIN
Dematerialization - Warehouse
Deposit of commodity at the accredited warehouse by Client
Accredited Warehouses
Dematerialization is the process of recording physical holdings (Warehouse receipts) in electronic form
Facilitates easy transfer of holdings through the electronic mode
Parties involved in the Demat process
Client, Warehouse, Depository Participant, R&T Agent, Depository
Procedure
Opening of account with a Depository Participant of NSDL
Deposit Confirmation to the Registrar & Transfer Agent and Depository
Validation and Confirmation of request by the R&T Agent
Electronic credit of the balance in the Demat account of the account holder
Dematerialization – An introduction
Dematerialization – Entities
Dematerialization - ISIN
Commodities identification using ISIN (International Securities Identification Number)
ISIN is a Unique number allotted by the depository (NSDL)
ISIN to be unique for handling
Commodity type
Grade
Warehouse operator
Location/branch
Validity period for delivery in the exchange
Commodity ISINs are communicated to Members by NCDEX
Dematerialization - Good delivery norms
Standard grade of commodity notified by the Exchange
ISIN Code is allotted based on this Standard grade
Rate of premium and discount to the standard grade is also identified
Validity date specified for each ISIN
Commodities not conforming to Standards specified are considered Bad delivery
Dematerialization – Process flow
Dematerialization – Demat credit
Assaying of goods done by approved assayer
List of accredited Assayers
SGS India Pvt. Ltd
Dr.Amin Superintendents & Surveyors Pvt. Ltd
J.B.Boda Surveyors Pvt. Ltd.
Geo-Chem Laboratories (P) Ltd.
Acceptable grade and quality specifications for the commodity are assessed
Electronic transmission of information of deposit to NSDL
Confirmation by NSDL
Validation and Credit into demat account of seller client under the specified ISIN
Statement of Credit available thru NSDL under specified ISIN
Dematerialization - Warehouse
Deposit of commodity at the accredited warehouse by Client
Accredited Warehouses