Under Interoperability, a Clearing Member (CM) may choose to have a preferred Clearing Corporations (CC). The trades executed on multiple exchanges can be consolidated into a single CC and there will not be a strict one-to-one association of exchanges and CCs.
Certificate of Deposit - CD : The minimum size to be subscribed/ transacted in the NSDL/CDSL system is Rs. 1 lakh, 2. The procedure for DEMAT of CD is same as that carried out for equity shares, 3. The client/holder has to write on the reverse of the 'CD': SURRENDERED FOR DEMATERIALISATION and credit to my/our demat ACCOUNT. (A/c number) with (DP) name /-------- number
Commercial Paper (CP) - 1. An investor can subscribe to minimum of Rs. 5,00,000/- or multiples thereof, 2. The face value of a CP in the Depository system is taken as Rs.5,00,000/-, 3. CP will be credited in the investor's account in terms of units
Redemption of CP - Commercial Papers will be extinguished directly from the beneficial owner accounts of Investors through corporate action for the purpose of redemption.
For all secondary market transactions in case of Commercial Paper, the seller will forward the copy of IPA certificate (Issuing and Paying Agent) to the buyer.
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