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1.INTRODUCTION ON THE NATIONAL STOCK EXCHANGE (NSE)

The National Stock Exchange (NSE) is aexchange located is exchange located atMumbai ,Maharashtra ,India. I

the 9thlargest stock exchangein the world bmarket ca!itali"ation and largest in India b dail turno#er and numb

o$ trades, $or both e%uities and deri#ati#e trading. NSE has a market ca!itali"ation o$around&S'.9 trillion and o

,* listings as o$ +ecember*. Though a number o$ other exchanges exist, NSE and the -omba Sto

Exchange are the two most signi$icant stock exchanges in India and between them are res!onsible $or the #a

maorit o$ share transactions. The NSE/s ke index is theS01Ni$t, known as the NSE NI2T3 (National Sto

Exchange ni$t), an index o$ $i$t maor stocks weighted b market ca!itali"ation.

NSE is mutuall4owned b a set o$ leading $inancial institutions, banks, insurance com!anies and other $inanc

intermediaries in India but its ownershi! and management o!erate as se!arate entities. There are at least * $orei

in#estors N3SE Euro next and 5oldman Sachs who ha#e taken a stake in the NSE. 6s o$*7,

NSE8S6T terminals, *99 in total, co#er more than cities across India. NSE is the third largest Sto

Exchange in the world in terms o$ the number o$ trades in e%uities. It is the second $astest growingstock exchange

the world with are corded growth o$ 7.7:.

The National Stock Exchange o$ India was !romoted b leading$inancial institutions at the behest

the5o#ernment o$ India ,and was incor!orated in No#ember 99* as a tax4!aing com!an. In 6!ril 99;, it wrecogni"ed as astock exchange under theSecurities une 99?. Theune *

1.1GROUPS OF NATIONAL STOCK EXCHGE

The National Securitie Clearin! Cor"oration Li#ite$%NSCCL&
http://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/List_of_stock_exchangeshttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/1000000000000_(number)http://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/S%26P_CNX_Niftyhttp://en.wikipedia.org/wiki/VSAThttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/w/index.php?title=Securities_Contracts_(Regulation)_Act&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Securities_Contracts_(Regulation)_Act&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Debt_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/Capital_markethttp://en.wikipedia.org/wiki/Capital_markethttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Derivativehttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/Maharashtrahttp://en.wikipedia.org/wiki/List_of_stock_exchangeshttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/1000000000000_(number)http://en.wikipedia.org/wiki/1000000000000_(number)http://en.wikipedia.org/wiki/1000000000000_(number)http://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/Bombay_Stock_Exchangehttp://en.wikipedia.org/wiki/S%26P_CNX_Niftyhttp://en.wikipedia.org/wiki/S%26P_CNX_Niftyhttp://en.wikipedia.org/wiki/VSAThttp://en.wikipedia.org/wiki/VSAThttp://en.wikipedia.org/wiki/VSAThttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Financial_institutionshttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Government_of_Indiahttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/w/index.php?title=Securities_Contracts_(Regulation)_Act&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Securities_Contracts_(Regulation)_Act&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Debt_Market&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Debt_Market&action=edit&redlink=1http://en.wikipedia.org/wiki/Capital_markethttp://en.wikipedia.org/wiki/Capital_markethttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Derivativehttp://en.wikipedia.org/wiki/Derivativehttp://en.wikipedia.org/wiki/Derivativehttp://en.wikipedia.org/wiki/Stock_exchange


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The National Securities


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NS


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Part o( the NSE Grou"(National Stock Exchange 5rou!)



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The onl e$$ecti#e solution to the !roblem o$ $akeH$orged and stolen shares was dematerialised tra$in!a

settlement. 6s SE-I made demat settlements mandator in an e#er4increasing number o$ securities in a !has

manner, the !ro!ortion o$ shares deli#ered in the dematerialised $orm b the NS


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Collateral F-R

The NS


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2.2ABOUT NATIONAL SECURITIES CLEARING CORPORATION LIMITED

National Securities Clearing Corporation Limited is a Public Company incorporated on 31 August

1995. It is classified as Indian Non!o"ernment Company and is registered at #egistrar of

Companies$ %umbai. Its aut&ori'ed s&are capital is #s. (5)$)))$))) and its paid up capital is #s.

(5)$)))$))).

National Securities Clearing Corporation Limited*s Annual !eneral %eeting +A!%, -as last &eld on

/une )13 and as per records from %inistry of Corporate Affairs +%CA,$ its balance s&eet -as last

filed on 31 %arc& )13.

National Securities Clearing Corporation Limited*s Corporate Identification Number is +CIN,

021)%1995PLC)943 and its registration number is 943. Its registered address is

6CAN! PLA7A C1 8LC: !8AN;#A :0#LA C%PL6 8AN;#A AS


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7.O48ECTIES OF NSCCL

These Cegulations shall be a!!licable to all clearing members admitted to the


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9.NSCCLTHE ORGANISATION



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9.1PRO-UCTS + SERICES OF NSCCL


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Rea$ #ore a6out NSCCL: Ri0 2ana!e#ent 'te# (or;

E%uities

Securities @ending and -orrowing Scheme (S@-S)

E%uit +eri#ati#es


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This alert $acilit is onl an additional $acilit !ro#ided to the members $or recei#ing the 6lert H In$ormation. T

members shall #eri$ the in$ormation recei#ed b wa o$ alert and not rel solel on such 6lerts H In$ormation $

an !ur!ose. NSCCLshall not be liable $or an dela or an other interru!tion which ma occur due to an reas

including network (Internet) reasons or snags in the sstem, break down o$ the sstem or an other e%ui!ment, ser#

breakdown, maintenance shut down, breakdown o$ communication ser#ices or inabilit o$ NS


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4*2*PARTNERS OF NSCCL

Our Partner


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NSCCLo$$ers settlement o$ $unds through ; clearing banks namel 6xis -ank @td., -ank o$ India,


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Contact Details of Clearing Banks

Axis Bank Ltd.

Bank of India Ltd.Canara Bank Ltd.Citibank N.A.The Hongkong & Shanghai Banking Corporation Ltd.ICICI Bank Ltd.HDC Bank Ltd.IDBI Bank Ltd.Ind!sInd Bank Ltd."otak #ahindra Bank Ltd.Standard Chartered Bank$nion Bank of India

State Bank of India

C-.ia


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Contact Details of C!stodians

Axis Bank LtdBN% %aribasCitibank N.A.DBS Bank LtdDe!tsche Bank A..'del(eiss C!stodial Ser)ices Li*itedHDC Bank Ltd.Hong "ong & Shanghai Banking Corporation Ltd.ICICI Ltd.Infrastr!ct!re Leasing & inancial Ser)ices Ltd.IL+TL, % #organ Chase"otak #ahindra Bank-rbis inancial Corporation LtdStandard Chartered BankState Bank of IndiaStock Holding Corporation of India Ltd.SH+TLSBI C!stodial Ser)ices %)t. Ltd.

De/-i#-rie

In order to !romote demateriali"ation o$ securities, NSE oined hands with leading $inancial institutions to establ

the National Securities +e!ositor @td. (NS+@), the $irst de!ositor in the countr with the obecti#e o$ enhanc

the e$$icienc in settlement sstems as also to reduce the menace o$ $akeH$orged and stolen securities. The seco

de!ositor in the countr,


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NSCCLhas established connecti#it with both the de!ositories $or electronic settlement o$ securities.

Contact Details of Depositories

Central Depositor Ser)ices /India0 Ltd.

National Sec!rities Depositor Ltd.Pr-0ei-al Cleari! )e$+er


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1re#ious da/s closing !rice o$ a securit will be taken as the lending !rice o$ the securit. The $ee or interest that a

lender gets will be market determined and will be the di$$erence between the lending !rice and the !rice arri#ed at

the 6@-M session. T!icall the 6@-M session will be held on =ednesdas and the securities lendingHborrowing

will be gi#en e$$ect on Monda, enabling a clearing member to com!lete the securities !a4in on Tuesda $or whic

he has borrowed the securities in the 6@- session. The borrower/s and lender/s clearing account will be debited orcredited on Mondas $ollowing the =ednesda/s 6@-M session.

2unds towards each borrowing will ha#e to be !aid in on the securities lending da. 6 !artici!ant will be re%uired t

!a4in $unds e%ual to the total #alue o$ the securities borrowed. Similarl, a !artici!ant will recei#e $unds !aout

e%ual to the total #alue o$ the securities lent.

NSCCLis also !lanning to o!en a lending scheme to bridge the deli#er ga! $or securities entering com!ulsor

demat segment called Ldemat shares $or !hsical/. I$ a client o$ a clearing member has onl !hsical securities todeli#er, the clearing member ma seek to borrow demat shares against the !hsical securities $rom NS


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clients. 1rior to undertaking lending or borrowing o$ securities on account o$ clients, the 1artici!ants are re%uired tenter into an agreement with each client as !er the $ormat s!eci$ied b NS


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In case the earl recall transaction is $or a custodial !artici!ant, the custodian transaction has to be con$irmed as !eexisting !rocedure $or custodial transactions.

Earl' Re"a'#ent (acilit' (or the 4orro5er

In case the borrower wants to re!a the securities and $urther relend them, a $acilit to !lace a CE163 order is

!ro#ided on the order matching !lat$orm. The relend order should be $or same seriesHsecurit and $or the same clieThe lending $ee $or the balance !eriod is at market determined rates hence the borrower needs to %uote the lending$ee he ex!ects $or the balance !eriod. The CE


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The !a4in and !a4out o$ $unds and securities is through the designated bank accounts and securities settlementaccount res!ecti#el. Transactions are settled on a TO da basis $or the 2irst @eg, Cecall re%uest 0 earl re!amen$or all eligible series. Transactions are settled on re#erse leg settlement date o$ the res!ecti#e series.

-ei!nate$ 4an0 Account

The bank account currentl used b 1artici!ant $or settlement o$ $unds in the


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In the e#ent o$ no o$$er in bu in auctionH $ailure to gi#e deli#er $or o$$er in auction market on the settlement date,the transaction is closed out as !er the below !rocedure.

Bigher o$K

The maximum traded !rice in the


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6


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NSCCL /INS THE ASIAN 4ANKER A/AR- FOR CLEARING HOUSE OF THE ?EAR

Q Securities


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$ormer


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@.2INI2U2 4ASE CAPITAL SECURITIES


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ii.


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6 clearing member camn make a re%uisition to NS


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The agreement shall be re%uired to be executed on Cs. $ranked document and signed and stam!ed on all !agSubmission o$ account details 1artici!ants shall also submit the details o$ their bank and +1 account, through whithe !a4in and !aout shall be done, to the


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7 Failure o( Settle#ent O6li!ation o( Cor"orate 4on$ Tranaction

I$ either o$ the !artici!ants H custodians $ails to honor their !a4in obligation, either $ull

or !artiall, b sti!ulated time then the transaction shall be cancelled and shall not be

considered $or settlement. 2urther the securities H $unds recei#ed towards the !a4in

obligation shall be returned back to the res!ecti#e !artici!ants H custodians.

B.GLO4AL CLEARANCE NET/ORK SERICE

The


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GRANT OF RECOGNITION TO NATIONAL SECURITIES CLEARING CORPORATIOLT-.

SE-I has granted recognition to National Securities


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CONCLUSION

National Securities

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