Connectivity with Depository : The primary connectivity can be V-Sat or leased line and secondary connectivity can be a PSTN or a dial-up line.
Rights and Obligations Document : The DP must provide a copy of the Rights and Obligations document to the client and keep an acknowledgement of the same on record before acting as a Participant on his behalf
Rights and Obligations document is not required if a Foreign Portfolio Investor (FPI) is registered with the DP either directly or through its Power of Attorney (PoA).
Rights and Obligations document is not required for an International Multilateral Agency, who has entered into an agreement with the DP.
A DP has to indemnify the depository, its officers and employees for all costs, fees, expenses, liabilities, taxes, actual losses and damages of any nature whatsoever suffered or incurred by any of them for the failure by the DP to comply with the provision of the Bye-Laws or the DP agreement or to comply with any directions or procedures of the depository or due to the acts by its officers and employees.
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