Meaning, need and benefits of depository system in India, difference between demat and physical share, depository process, functioning of NSDL and SHCIL Importance of Debt market in capital market, participant in the debt market, types of instrument treated in the Debt market, primary and secondary segments of debt market.
Meaning, need and benefits of depository system in India, difference between demat and physical share, depository process, functioning of NSDL and SHCIL Importance of Debt market in capital market, participant in the debt market, types of instrument treated in the Debt market, primary and secondary segments of debt market.
Formula Plan in Securities Analysis and Port folio ManagementSuryadipta Dutta
Formula Plan in Securities Analysis and Port folio Management INCLUDING introduction,need, types, advantages with constant rupee value plan, constant ratio plan, Variable Ratio Plan, limitations and with every notes.
Here I am Sharing Presentation about Mutual Fund Which is beneficial for Finance Student. Who one want to know details of mutual fund can see this slide this will be helpful to the student of finance.
All The Best
Formula Plan in Securities Analysis and Port folio ManagementSuryadipta Dutta
Formula Plan in Securities Analysis and Port folio Management INCLUDING introduction,need, types, advantages with constant rupee value plan, constant ratio plan, Variable Ratio Plan, limitations and with every notes.
Here I am Sharing Presentation about Mutual Fund Which is beneficial for Finance Student. Who one want to know details of mutual fund can see this slide this will be helpful to the student of finance.
All The Best
Depository system and its role in stock marketBibhu Manik
This article deals with Depository system in India and its role in Indian security market . it will be helpful for those who want to know about depository system
Dodd-Frank Compliance and Technology Summer Meeting 2013Jeffrey C.Y. Li
Atlas Communications Technology recently co-sponsored the Dodd-Frank Compliance and Technology Summer Meeting. The presentation was an introduction to the complexities of the Dodd-Frank Wall Street Reform and Consumer Protection Act, what firms need to do to bring themselves into compliance, and the technology that can help enterprises meet the stringent demands of the act.
For more information about this conference, or to learn about our Fall meeting in September featuring one of the authors of the act, Congressman Jim Himes, please call 1-855-Dodd Frank (1-855-363-3372) for any questions, or if you wish to talk to one of our presenters today to talk about taking the next steps towards Dodd-Frank Compliance
Atlas Presentation 2013 07-09 dodd-frank summer meeting v1-0 (for online)
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Resume
• Real GDP growth slowed down due to problems with access to electricity caused by the destruction of manoeuvrable electricity generation by Russian drones and missiles.
• Exports and imports continued growing due to better logistics through the Ukrainian sea corridor and road. Polish farmers and drivers stopped blocking borders at the end of April.
• In April, both the Tax and Customs Services over-executed the revenue plan. Moreover, the NBU transferred twice the planned profit to the budget.
• The European side approved the Ukraine Plan, which the government adopted to determine indicators for the Ukraine Facility. That approval will allow Ukraine to receive a EUR 1.9 bn loan from the EU in May. At the same time, the EU provided Ukraine with a EUR 1.5 bn loan in April, as the government fulfilled five indicators under the Ukraine Plan.
• The USA has finally approved an aid package for Ukraine, which includes USD 7.8 bn of budget support; however, the conditions and timing of the assistance are still unknown.
• As in March, annual consumer inflation amounted to 3.2% yoy in April.
• At the April monetary policy meeting, the NBU again reduced the key policy rate from 14.5% to 13.5% per annum.
• Over the past four weeks, the hryvnia exchange rate has stabilized in the UAH 39-40 per USD range.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
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Depository system
1. PROBLEMS FACED BY INVESTORS
• Bad deliveries
• Fake certificates
• Loss of certificates in transit
• Mutilation of certificates
• Delays in transfer
• Long settlement cycles
• Mismatch of signatures
• Delay in refund and remission of dividend etc
4. MEANING
• In India, the Depositories Act, 1996, defines a depository to mean “A company formed
and registered under the Companies Act, 1956 and which has been granted a certificate
of registration under sub-section (1A) of section 12 of the Securities and Exchange
Board of India Act,1992”.
• As per German Depository it is defined as “A Depository is a file or a set of files in which
data is stored for the purpose of safe keeping or identity authentication”.
• The term Depository means a place where a deposit of money, securities, property etc is
deposited for safekeeping under the terms of depository agreement
• A depository is an organisation, which assists in the allotment and transfer of securities
and securities lending.
• The shares here are held in the form of electronic accounts i.e. dematerialised form and
the depository system revolves around the concept of paper-less or scrip-less trading
5.
6. LEGAL FRAMEWORK
• Depository Act in August, 1996- dematerialisation route to book entry based transfer of
securities and settlement of securities trade.
• ByeLaws:- scope of the functioning of NSDL and its business partners.
• Business Rules:- outline the operational procedures to be followed by NSDL and its Business
Partners
• SEBI(Depositories and Participant) (Amendment) Regulation, 2012:- Adoption of CODE
OF CONDUCT for its Directors and CODE OF ETHICS for Directors and Key
Management Personnel of NSDL to create better investor integrity of the market.
• The Companies Act, 1956
7. FACILITIES OFFERED BY DEPOSITORY
SYSTEM
• Opening of depository account
• Dematerialisation
• Rematerialisation
• Settlement of trades in dematerialised
securities
• Account transfer
• Transfer ,transmission and transposition
• Pledge and hypothecation
• Redemption or repurchase
• Stock lending and borrowing
• Corporate action
• Account freezing
• Nomination
• Demat of debt instruments
• Dealing in govt securities
8. CONSTITUENTS OF A DEPOSITORY SYSTEM
• Depository
• Depository Participant (DP)
• Issuers and Registrars and Share Transfer Agents
• Stock Exchanges and Stock Brokers
• Clearing Corporation/ Clearing House and Clearing Members
• Banking system
• Investors
9. DEPOSITORY SYSTEM-BUSINESS PARTNERS
Depository
Participants
A depository Participant is an
agent of the depository who is
authorized to offer depository
services to investors. Some of
them are Financial Institutions,
Banks, Custodians and
Stockbrokers complying with the
requirements prescribed by SEBI/
Depositories can be registered as
Depository Participant.
Issuing companies
and their Registrars
and Share Transfer
Agents
"Registrar to an Issue" means the
person appointed by a body corporate
or any person or group of persons to
carry on the following
collecting applications from investors
in respect of an issue;
Keeping a proper record of
applications and monies received
from investors or paid to the seller of
the securities. and
3)Assisting body corporate or person
or group of persons
Clearing
Corporations or
Clearing Houses of
Stock Exchanges
A clearing corporation is a
financial institution which
provides the services as
clearing and settlement for
commodities and financial
derivatives and securities
transactions.
10. SERVICES BY NSDL
Basic Services
• A/c Maintenance
• Dematerialisation
• Rematerialisation
• Market Transfers
• Off Market Transfers
• Inter-Depository Transfer
• Transmission/Nomination
• Corporate Action
Value Added Services
• Auto Delivery Out
• Dividend Distribution
• Lending & Borrowing
• Pledge
• Public Issue
• SMS Alert
11. SERVICES BY CDSL
• Account Opening
• Dematerialisation
• Processing Delivery & Receipt Instructions
• Account Statement
• Rematerialisation
• Pledging
• Nomination
• Transmission of Securities
• Change of Address
• Bank Account Details
• SMS
12. NSDL CDSL
DP
Entry Fee 25000
(non-refundable)
20000
(non-refundable)
Custody Fee Nil Nil
Pledge Fee 25 Pledge acceptance-12
Unpledged acceptance-12
Demat Charges Nil Nil
Remat Charges •a fee of Rs.10 for every hundred
securities or part thereof ; or
•a flat fee of Rs.10 per certificate,
whichever is higher.
No rematerialisation fee shall be
charged for Government Securities.
•10 (INR) for every 100 securities or
part thereof; subject to maximum fee
of 5,00,000 (INR) or
• a flat fee of 10 (INR) per certificate
whichever is higher.
COMPARISON OF CHARGES
13. COMPARISON BETWEEN NSDL & CDSL
BASIS NSDL CDSL
Abbreviation National Securities Depository
Limited
Central Depository Securities
Limited
Founded Nov 1996 Feb 1999
Headquarters Trade World, A wing, 4th & 5th
Floors,
Kamala Mills Compound,
Lower Parel, Mumbai-400013
Phiroze Jeejeebhoy Towers,
16th Floor, Dalal Street
Mumbai-400001
Promoters IDBI, UTI, NSE BoI, BoB, SBI, HDFC, BSE
Market NSE BSE
14. BENEFITS OF DEPOSITORY SYSTEM
Reduced workload & manpower requirements due to paperless settlement
Instantaneous transfer of ownership
No risk of damaged, lost, forged or duplicate certificates
No impact in case of sudden increase in settlement volumes
Instant credit of bonus, rights and new issues (IPO)
Convenient pledging of securities
16. CONCLUSION
• Depository system in India is suffering from awareness problem. people are not aware of
this system. People are not participating in this system. people are confused about these
two major depositories. There is a rivalry between these two depositories. Formulation
and promulgation of necessary laws –Depository has set of different challenges e.g.
authentication and non-repudiation of transaction should have legal backing, paperless
share holding etc. Lack of Developing a well trained Trainer & Support staff for giving
training and customer support to all the relevant parties.
17. REFERENCES
• www.nsdl.co.in
• www.cdslindia.com
• “Capital Market” by N Gopalsamy – Macmillan India Ltd, Delhi
• “Capital Markets” by Dr S Gurusamy - Vijay Nicole Imprints Private Limited, Chennai
• “Capital Markets” by Frank J. Fabozzi and Franco Modigliani – Prentice Hall of India pvt.
Ltd., New Delhi
• “Financial Market & Institutions” by Dr K. Venugopalan - Calicut University Central Co-
op Stores Ltd No 4347, Calicut University