A. FORMAT OF APPLICATION FOR ALLOTMENT OF CUSTODIAN PARTICIPANT CODE FOR NRI CLIENTS

(to be given by the Custodian on the letter head)

Date:
National Securities Clearing Corporation Limited
SLBS Segment
4th Floor, Exchange Plaza, Bandra Kurla Complex,
Bandra (East),Mumbai - 400 051.

Dear Sir,

Sub: Application for allotment of Custodial Participant code for the NRI Client

Please allot a Custodial Participant Code in the SLBS segment. The details are specified as under:

# If the NRI is an HUF, the application has to be made along with the passport of the Manager (Karta) of the HUF.

*(1) It is Compulsory to enclose a Copy of Passport duly verified with original by Custodian of NRI.
(2) In case the NRI client gets another passport issued subsequent to the allotment of the CP Code based on his previous passport, he should not use the same to get another CP Code issued.

The Information furnished above is true to the best of my/our knowledge and belief and I/we undertake to inform you of any changes therein immediately in writing.

I/we undertake that I/we shall settle all the transactions done by the above client in the SLBS segment and comply with such requirements as stipulated by the Exchange/Clearing Corporation from time to time.

Thanking You, 

Yours faithfully,

For_____________________
_____________(Name)
______________(Designation)

Encl:

Certified passport copy
Certified PAN copy
 

B. FORMAT OF APPLICATION FOR ALLOTMENT OF CUSTODIAN PARTICIPANT CODE FOR FII/MF CLIENTS

(to be given by the Custodian on the letter head)

Date:
National Securities Clearing Corporation Limited
SLBS Segment
4th Floor, Exchange Plaza, Bandra Kurla Complex,
Bandra (East),Mumbai - 400 051.

Dear Sir,

Sub: Application for allotment of Custodial Participant code for M/s. (Name of FII/ Sub-account/ MF/ scheme of MF)

We wish to inform you that we have been appointed as Custodian for M/s (Name of FII/ Sub-account/ MF/ scheme of MF) in SLBS segment of NSCCL. In view of this we request you to allot the CP code in SLBS segment.

Details of our constituent are as follows:

We would undertake clearing and settlement of SLBS transactions for the above mentioned constituent in SLBS segment and therefore request you to allot CP code for SLBS segment.

Thanking You, 

Yours faithfully,

For_____________________
_____________(Name)
______________(Designation)

C. FORMAT OF APPLICATION FOR ALLOTMENT OF CUSTODIAN PARTICIPANT CODE FOR RI/DBC

(to be given by the Custodian on the letter head)

Date:
National Securities Clearing Corporation Limited
SLBS Segment
4^th Floor, Exchange Plaza, Bandra Kurla Complex,
Bandra (East),Mumbai - 400 051.

Dear Sir,

Sub: Application for allotment of Custodial Participant code for (Name of client)

We wish to inform you that we have been appointed as Custodian for (Name of client) in SLBS segment of NSCCL. In view of this we request you to allot the CP code in SLBS segment.

Details of our constituent are as follows:

We would undertake clearing and settlement of SLBS transactions for the above mentioned client in SLBS segment and therefore request you to allot CP code for SLBS segment.

Thanking You, 

Yours faithfully,

For_____________________
_____________(Name)
______________(Designation)

CP Code modification File

The file in CSV format should be uploaded in extranet folder slbftp\S<part code>\ cpcode\upld

Naming convention:

<participant_code>_SLB_YYYYMMDD.Tnn

where,
participant_code  - Code of the Participant
YYYYMMDD        - Date in YYYYMMDD format
T                           - The file indicator
nn                         - The batch number of file

Control record:

Detail record:

CP Code Modification Return File

The file in CSV format will be downloaded in Extranet folder slbftp\S<part code>\cpcode\dnld

Naming convention:

<participant_code>_SLB_YYYYMMDD.Snn or Rnn

where,
participant_code  - Code of the Participant
YYYYMMDD        - Date in YYYYMMDD format
S                          - The file indicator for a success file
R                          - The file indicator for a rejected  file
nn                         - The batch number of file

Control record:

Detail record:

Letter format for Auto Pay-in – Auto Delivery Out

Date:
From:   [Participant / Custodian Name and address]

To:      
National Securities Clearing Corporation Limited
Exchange Plaza,
Plot C/1, G Block,
Bandra Kurla Complex, Bandra East,
Mumbai - 400051

Dear Sirs,

Sub:     Availing the facility of Automatic Delivery Out in NSDL for Securities Lending & Borrowing (SLB) segment

We wish to avail of the Auto Delivery Out (Auto DO) facility for the SLB segment for the following settlement types.

   Settlement Type 'L', Market Type 23, SLB FIRST LEG       

   Settlement Type 'P', Market Type 24, SLB REVERSE LEG

   Settlement Type 'Q', Market Type 25, SLB REVERSE LEG AUCTION BUY-IN

We do hereby irrevocably authorize NSCCL to provide NSDL with the details of the delivery obligations, including the security details and the quantities to deliver for all the above settlement types and any other details which may have to be given to NSDL with respect to the above subject. This irrevocable undertaking will be effective from the date of this letter.

We understand that in the case of pari-passu shares and multiple ISINs, Auto DO instructions will be generated for only the primary ISIN. We also understand that in case an IDO is given, the Auto DO instructions for the same will be monitored by us and any changes desired to be made in the Auto DO instructions will be done by us accordingly.

In case of shifting of our CM pool account in NSDL, we undertake to monitor the delivery instructions including the Auto DO instructions generated by NSCCL. We understand that NSCCL will be generating Auto DO instructions for a single depository account only, even if two CM pool accounts are operating at the same time.

NSCCL will not be responsible for any short or excess shares being transferred from our depository account with NSDL on account of Auto DO. 

In case we fail to comply with the specified requirements of NSDL, resulting into short deliveries and consequential close out, NSCCL will in no way be responsible.

We further hereby undertake to abide by such other or further guidelines / instructions as may be communicated / devised by NSCCL from time to time.

Yours faithfully

Signature of Authorised signatory of the Participant / Custodian
(Full Name of the Authorised signatory of the Participant / Custodian and contact no.)

Format of letter from Participants/Custodians for opening SLBS EPI account for CDSL

Date:
From:   [Participant/Custodian Name and address]

To:      
National Securities Clearing Corporation Limited
Exchange Plaza,
Plot C/1, G Block,
Bandra Kurla Complex, Bandra East,
Mumbai - 400051

Dear Sir,

Sub: Account for early payin of securities through CDSL for SLBS

We are interested in making early payin of securities through CDSL. We therefore request you to open an early payin account based on the details given hereunder:

S. No.  Description

1.         Name of the Participant/Custdian
2.         Participant/Custodian Code
3.         SEBI Registration Number
4.         Address (for Communication)
5.         City
6.         State
7.         Country
8.         Pincode
9.         CDSL Clearing Account No. 

We hereby authorise NSCCL to operate the above stated account on our behalf and execute transactions as may be deemed necessary. Further, we hereby authorise NSCCL to debit our account towards any charges that may be levied by CDSL on account of transactions in this account.

We would request you to advise us the account number allotted to us for this purpose.

Yours Sincerely

Signature of Authorised signatory of the Participant / Custodian
(Full Name of the Authorised signatory of the Participant / Custodian and contact no.)

Format of letter for the application for Client level early pay-in for SLBS
(on the letter head of the Participant/Custodian)

Date:
 
To:      
National Securities Clearing Corporation Limited
Exchange Plaza,
Plot C/1, G Block,
Bandra Kurla Complex, Bandra East,
Mumbai - 400051

Dear Sir,

Sub: Application for client level early pay-in of securities for SLBS

We request for client level early pay-in of securities based on the details given hereunder:

Yours sincerely,
 
Signature of Authorised signatory of the Participant/Custodian
(Full Name of the Authorised signatory of the Participant/Custodian and contact no.)

File structure for Direct Payout to Client

File format: Comma Separated
Location of the file:    slbftp\S<Part code>\cpd\upld
Naming Convention of the file: CPD<SYYYYYYYD>.Xnn

Where:

Control record Format:

Detail Record Format

Return file to Participant

slbftp\S<Part code>\cpd\dnld

Control record Format:

Detail Record Format

List of Approved Banks for issuance of Fixed Deposit Receipts

(on the letter head of the participant)
Format of Letter to be given by the Participant along with FDR to Approved Intermediary towards Collateral

To
National Securities Clearing Corporation Ltd.
Exchange Plaza
Bandra Kurla Complex
Bandra (E)
Mumbai-400 051

Dear Sir,

As per the prescribed norms of  National Securities Clearing Corporation Limited as an Approved Intermediary for securities lending and borrowing transactions, we have to furnish you collateral and accordingly have furnished you the same in the form of FDR (FDR No.______________) placed with ____________________________ Bank, issued as NSCCL A/c.____________________ for Rs. ______/- (Rupees _____________________ only.)

I/We hereby agree and consent that you shall have an irrevocable authority to encash the said FDR and to withdraw the said FDR amount at any time, even prior to maturity, without notice to me/us for recovery/adjustment of Approved Intermediary dues and we have no objections whatsoever for the same.

I/We agree that you may renew the FDR for period of one year each time till the FDR is released by you.

I/we agree that on the encashment of FDR, you will be entitled to the interest accrued on the said FDR and you are hereby authorised to receive the accrued interest from the Bank along with the principal amount (FDR amount) payable.

Yours faithfully,

Authorised Signatory
________  Participant name

(on the letter head of the bank)
Format of Letter to be given by the Bank issuing FDR to Approved Intermediary towards Collateral

To
National Securities Clearing Corporation Ltd.
Exchange Plaza
Bandra Kurla Complex
Bandra (E)
Mumbai-400 051
Dear Sir,
 
We refer to the fixed deposit receipt (FDR) bearing no. ______________ issued for Rs.___________ , ( Rs in words)  in NSCCL A/c ( Participant’s name.)
 
We hereby confirm that-
 
i)  There is no lock in period for encashment of the said FDR.
 
ii)  The amount under the said FDR would be paid to you on demand, at any point of time without any reference to the ________________ (name of Participant).
 
iii) Encashment whether premature or otherwise would not require any clearance from any other authority / person.
 
iv) We agree that on the encashment of FDR, the interest accrued will also be released to you.
 
v) We agree that the FDR will be renewed for such periods as you may instruct.
 
vi) The FDR is payable at Mumbai (In case FDR is issued from places other than Mumbai, Delhi, Kolkatta, Chennai, Ahmedabad and Hyderabad )
 
Yours faithfully,
 
Authorised Signatory
______ Bank Ltd.

Format of Bank Guarantee to be provided to Approved Intermediary

BG NO:_________________
Date   : _________________

SCHEDULE I

To:
NSCCL
[Address]
 
Dear Sirs:
 
This guarantee bearing No. _________________________ is issued by ____________________________, a body corporate constituted under the _______________ Act 19___, having its Head Office at ___________________________________________ and branch office at_______________________________, hereinafter referred to as the “Bank” (which term shall wherever the context so permits includes its successors and assigns) in favour of National Securities Clearing Corporation Limited, a Company incorporated under the Companies Act, 1956 and having its registered office at Exchange Plaza, Plot C-1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, hereinafter referred to as “AI” (which expression shall include its successors and assigns).
 
Whereas
 
a.         Mr./Ms.__________________________________________ s/o / d/o / w/o ________________________________________________, residing at _________________________________________________________________ and having his/her office at _____________________________________________________________________________________________________(Complete Address), (hereinafter referred to as the “ Participant”, which expression shall include his/her successors and assigns) /* is/are a  Participant of the AI.
 
OR
 
M/s ______________________________________________, a partnership firm registered under the Indian Partnership Act, 1932 and having their office at
___________________________________________________________________________________________________________ (Complete Address), (hereinafter referred to as the “ Participant”, which expression shall include their successors and assigns ) / is/are a  Participant of the AI.

BG NO:_________________
Date  : _________________

OR
 
M/s___________________________________________________., incorporated as a company under the Companies Act, 1956 and having its registered office at _____________________________________________________________________________________________________________(Complete Address), (hereinafter referred to as the “ Participant”, which expression shall include its successors and assigns ) is/are a  Participant of the AI.
 
b.         One of the conditions for participating in Securities Lending and Borrowing Scheme (SLBS) of the AI is that the Participant maintains with the AI collateral as may be specified by the AI under SLBS and the Circulars issued there-under from time to time. 
 
c.         At the request of the Participant, the AI has agreed to accept a bank guarantee towards collateral, in favour of the AI from an approved commercial bank for an equivalent amount of Rs._________________________________________________.
 
d.         The Participant has requested the Bank to furnish to the AI a guarantee for Rs.__________________________________________________.
 
 
Therefore these presents:
 
1.                  This guarantee shall be governed by the terms and conditions of the Master Agreement dated ________executed between the Bank and the AI and the same shall form a part and parcel of this guarantee as though the same have been incorporated in this guarantee.
 
2.                  The liability of the Bank under this guarantee shall not exceed Rs._______________.
 
3.                  This guarantee shall be valid for a period of _________ months i.e. upto ____.  However, the Bank is liable to pay the guaranteed amount if the AI serves upon the Bank a written claim or demand on or before ____________ (i.e. within ________ after the date of expiry of the bank guarantee as mentioned in this clause).
 
Executed this ____ day of ______________ at ___________
 
For ________(Bank)
 
 
Authorized Signatories
Seal of the Bank

BG NO:_________________
Date  : _________________

Instructions:
·        The above printed format is required to be used.
·        The Bank Guarantee to be stamped for Rs.100/- or the value prevailing in the State where executed, whichever is higher. Bank Guarantee to be executed on Non-Judicial stamp paper(s) or on paper franked from Stamp Office     
·        All the blanks in the format are required to be duly filled by the issuing bank along with the signature of the authorized signatory and stamp of the bank.
·        Each page of the bank guarantee should bear the bank guarantee number and issue date and should be signed by two authorized signatories of the bank unless the bank has specifically intimated AI that only one authorized signatory shall sign the bank guarantees issued by them in favour of AI.
 

Format of the Letter to be given by the Participant for providing Cash
(To be typed on Participant’s letter head)

Date :
 
To
National Securities Clearing Corporation Ltd.
Exchange Plaza,
Bandra Kurla Complex,
Bandra (E),
Mumbai - 400 051.
 
Dear Sir/ Madam,

Re: Cash Deposit towards Securities Lending and Borrowing Scheme (SLBS)

Code:  ____________
 
Bank Name: ______________                        
 
You are requested to debit my Settlement a/c for “Rs.________ lacs (Rs. in words…………….….)” towards collaterals for SLBS.
 
This is in addition to “Rs. ___________ lacs (in words……………..)” already given today. 
 
Total cash deposit amount including this letter shall be “Rs.__________ lacs (Rs. in words……………………….)”.
 
 
Thanking you,

Yours faithfully,

Authorised Signatory
(Authorised only by Director/ Partner/ Proprietor)

Format of The Letter to be Given by the Bank issuing the FDR to Approved Intermediary on Renewal (In case of Auto renewal where the Old FDR No. is changed)

Date:
To
National Securities Clearing Corporation Ltd
Exchange Plaza,C-1, Block G,
Bandra Kurla Complex,
Bandra (East)
Mumbai 400 51
 
Dear Sir,
 
We refer to the fixed deposit receipt (FDR) issued, in the name of NSCCL - A/c (Participant’s name). Details are as under.

The above FDR has been renewed for further period of _____months under the auto-renewal facility on the request of the Participant. Details are as follows.

We hereby confirm that

1. There is no lock in period for encashment of the said FDR.
2. The amount under the said FDR would be paid to you on demand, at any point of time without any reference to the ________________ (name of Participant)
3. Encashment whether premature or otherwise would not require any clearance from any other authority / person.
4. We agree that on encashment of FDR, the interest accrued will also be released to you.
5. We agree that the FDR will be renewed for such periods as per the instructions of the Participant / Approved Intermediary.
6. The FDR is payable at Mumbai. (In case FDR is issued from places other than Mumbai, Delhi, Calcutta, Chennai, Ahmedabad, and Hyderabad)
7. Old instrument will remain valid and no new instrument with new FDR No._____ is issued.

Yours faithfully,

Authorised Signatory
 __________ Bank Ltd

Format of the Letter to be given by the Bank issuing the FDR to Approved Intermediary on Renewal (In case of Auto-renewal where the old FDR No. is same)

To                                                                                                        Date:
National Securities Clearing Corporation Ltd
Exchange Plaza, C-1, Block G,
Bandra Kurla Complex,
Bandra (East)
Mumbai 400 51
 
Dear Sir,
 
We refer to the fixed deposit receipt (FDR) issued, in the name of NSCCL - A/c (Participant's name). Details are as under.

The above FDR has been renewed for further period of _____months under the auto-renewal facility on the request of the Participant. Details are as follows.

We hereby confirm that

1. There is no lock in period for encashment of the said FDR.
2. The amount under the said FDR would be paid to you on demand, at any point of time without any reference to the ________________ (name of Participant ).
3. Encashment whether premature or otherwise would not require any clearance from any other authority / person.
4. We agree that on encashment of FDR, the interest accrued will also be released to you.
5. We agree that the FDR will be renewed for such periods as per the instructions of the Participant / Approved Intermediary.
6. The FDR is payable at Mumbai. (In case FDR is issued from places other than Mumbai, Delhi, Calcutta, Chennai, Ahmedabad, and Hyderabad)
7. Old instrument will remain valid.

Yours faithfully,

Authorised Signatory
 __________ Bank Ltd

Format of Renewal of Bank Guarantee to be provided to Approved Intermediary

Date : ___________

To,
National Securities Clearing Corporation Ltd.(AI)
Exchange Plaza, Plot C-1, G Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai – 400 051.
 
We, ____________________________________________ (Bank) having our registered office at _____________________________________________________________and our branch office at ______________________________________________________ _______________________________ refer to the Bank Guarantee number : _________  executed by us on the ___________ day of _______________  at __________ (hereinafter referred to as “said guarantee”) on account of Mr. / Ms./ M/s. ____________ ________________________  having his/her/ its/registered office at ________________ _______________________________________________________________________ (hereinafter referred to as a “ Participant”) for a sum of Rs ______________ (Rupees _________________________________________only) in your favour.
 
The validity of the said guarantee was upto ____________________________.
 
With reference to the same we state as hereunder:
At the request of the Participant, we extend the period of the validity of the said guarantee upto __________________.
The said guarantee may be invoked by AI in part(s) without affecting its rights to invoke the said guarantee for any liabilities that may devolve later.
 
Notwithstanding anything mentioned herein above,

1. the liability of the Bank under this guarantee shall not exceed Rs. _______________ (Rupees ________________________________________ only)
2. This guarantee shall be valid for a period of _____months i.e. upto _____________.
3. The bank is liable to pay the guaranteed amount only if AI serves upon the Bank a written claim or demand on or before ________________(i.e. within ___ months after the date of expiry of the bank guarantee as mentioned in clause b above).

We hereby affirm and confirm that save and except to the extent as provided for herein above, the said guarantee together with all other terms and conditions therein shall remain operational and in full force and effect till _________________________.
 
Executed this ____day of____________ at _____________ (place)
 
FOR    ________________________________(BANK)
________________________________(BRANCH)

AUTHORIZED SIGNATORIES
SEAL OF THE BANK           
 
Instructions:

1. The above printed format is required to be used.
2. The Bank Guarantee to be stamped for Rs.100/- or the value prevailing in the State where executed, whichever is higher. Bank Guarantee to be executed on Non-Judicial stamp paper(s) or on paper franked from Stamp Office     
3. All the blanks in the format are required to be duly filled by the issuing bank along with the signature of the authorised signatory and seal of the bank.
4. Each page of the bank guarantee should bear the bank guarantee number and issue date and should be signed by two authorised signatories of the bank unless the bank has specifically intimated AI that only one authorised signatory shall sign the bank guarantees issued by them in favour of AI.
    

Format for Request for Release of Cash
(To be typed on participant’s letter head)

Date:
 
To
National Securities Clearing Corporation Ltd.
Exchange Plaza,
Bandra Kurla Complex,
Bandra (E),
Mumbai - 400 051.
 
Dear Sir/ Madam,
 
Re: Release of cash from Securities Lending and Borrowing Scheme
 
Code:  ____________
 
Bank Name: ______________                                    
 
I/we request you to release a sum of Rs.___________ (Rs. in words ________________________) kept as collateral in cash form towards Securities Lending and Borrowing Scheme
 
Thanking you,
 
Yours faithfully,
 
Authorised Signatory
(Authorised only by Director/ Partner/ Proprietor)

Format for Request of Release of Fixed Deposit Receipt
(To be typed on participant’s letter head)

Date :

To
National Securities Clearing Corporation Ltd.
Exchange Plaza,
Bandra Kurla Complex,
Bandra (E),
Mumbai - 400 051.
 
Dear Sir,
 
Re: Release of fixed deposit receipt -Securities Lending and Borrowing Scheme
 
You are requested to release the following Fixed Deposit Receipt submitted towards Securities Lending and Borrowing Scheme 

Thanking you,

Yours faithfully,

Authorised Signatory
(Authorised only by Director/ Partner/ Proprietor)

Format for Request for Release of Bank Guarantee
(To be typed on participant’s letter head)

Date :

To
National Securities Clearing Corporation Ltd.
Exchange Plaza,
Bandra Kurla Complex,
Bandra (E),
Mumbai - 400 051.
 
Dear Sir,
 
Re: Release of bank guarantee -Securities Lending and Borrowing Scheme
 
You are requested to release the following Bank Guarantee submitted by us towards Securities Lending and Borrowing Scheme 

Thanking you,

Yours faithfully,

Authorised Signatory
(Authorised only by Director/ Partner/ Proprietor)

NAME OF PARTICIPANT
 
REGISTERED OFFICE ADDRESS
 
(PARTICIPANT OF SECURITIES LENDING & BORROWING SCHEME OF NATIONAL SECURITIES CLEARING CORPORATION LIMITED [AI] )
 
( SEBI  REGISTRATION  NO. -------------)
 
SECURITIES LENDING & BORROWING  CONFIRMATION MEMO
 
Confirmation memo issued by Participant acting for Client

Dear sir / madam,

                        I/We have this day done by your order and on your account the following transactions in the SLB session

Other levies (if any):______________________________________________________
Your a/c will be debited / credited towards Securities Lending & Borrowing for Rs ____________________________
 

In matters where the AI is a party to the dispute, the Civil Courts at Mumbai shall have exclusive jurisdiction. 
This  memo  constitutes  and  shall  be  deemed  to  constitute  an  agreement  between  you  and me/us, and in the event of any claim (whether  admitted  or  not ), difference or dispute  in  respect  of any  transactions,  of  a  date  prior  or  subsequent  to the  date  of  this  confirmation memo (including  any  question  whether  such  transactions have  been  entered  into  or  not ) shall  be referred to arbitration  as  provided in Part B of the Master Agreement between the Participant and Client.

1. Collateral Breakup Report

Type of File: Comma separated File (CSV)
File Naming convention: S_MG05_Part code_DDMMYYYY
File Location: SLBFTP/S<PARTICIPANT CODE>/REPORTS

2. In-eligible / Eligible Securities report:

Type of File: Comma separated File (CSV)
File Naming convention: CSLB_DDMMHHMISS.csv
File Location: COMMON\CLEARING

3. Consolidated Margin Report:

Type of File : LIS file
File Naming convention: S_MG01_Participant code_DDMMYYYY.lis
File Location: SLBFTP/S<PARTICIPANT CODE>/REPORTS

Notes:

1) Cash Component (A1) of the Participant includes the daily cash margin paid by the Participant.
2) Margin as borrower (B8) includes margin on lending fees plus lending price and margin as lender (B9) includes margin on lending price
3) If the margin transaction is positive (it means payin transaction), the amount will be payable by the Participant.
4) If the margin transaction is negative (it means payout transaction), the amount will be receivable by the Participant.