This action might not be possible to undo. Are you sure you want to continue?
NSDL stands for National Securities Depository Limited. The enactment of Depositories Act in August 1996 made the establishment of NSDL, the first depository in India. NSDL handles most of the securities held and settled in dematerialised form in the Indian capital market. Using innovative and flexible technology systems, NSDL works to support the investors in the capital market of the country. NSDL aims at ensuring the safety by developing settlement solutions that increase efficiency and reduce costs. Transfer of ownership of securities is done through simple account transfers. Cost of transacting in a depository is considerably lower as compared to transacting in certificates. The Depositories Act has provided dematerialisation route to book entry based transfer of securities and settlement of securities trade. NSDL has framed its Bye Laws and Business Rules. The Bye Laws are approved by SEBI. The Business Rules outline the operational procedures to be followed by NSDL. Also, there are certain benefits of NSDL. In the depository environment, once holdings of an investor are dematerialised, the question of bad delivery does not arise. Dealing in physical securities has associated security risks of theft of stocks, loss of certificates during movements through and from the registrars. This problem does not arise in the depository environment. There is no stamp duty or transfer of any kind of securities in the depository. There are various checks and measures in the depository system to ensure safety of the investor holdings. A DP can be operational only after registration by SEBI, which is based on the recommendation from NSDL. DPs are allowed to affect any debit and credit to an account only on the basis of valid instruction from the client. Every day, there is a system driven mandatory reconciliation between DP and NSDL. Also, all transactions are recorded at NSDL Central System and in the databases maintained. In addition, every month NSDL forwards statement of account to a random sample of investors as a counter check.
operating from over 6000 sites. . CDSL's system is built on a centralised database architecture and thus enables DPs to provide on-line depository services with the latest status of the investor's account. CDSL has kept its tariffs very competitive to provide affordable depository services to investors. Bank of Baroda. across the country. CDSL's system is based on centralised database architecture with on-line connectivity with DPs.. etc. Moreover. All data and communications between CDSL and its users are encrypted to ensure its security and integrity. The DPs are directly connected to CDSL thereby providing on-line and efficient depository service to investors. The software is a modified version of the banking software-TC4 developed by a subsidiary of CMC Ltd. CDSL was set up with the objective of providing convenient. dependable and secure depository services at affordable cost to all market participants. The software has been customized to suit the requirement of CDSL. CDSL has a wide network of DPs. the software provided by CDSL is developed and supported by CMC Ltd. CDSL's demat services are extended through its agents called Depository Participants. CDSL offers an efficient transfer of securities. Today. All data held at CDSL is backed up and stored in the disaster recovery site. It has made provisions for contingency terminals. who has also developed the BOLT system for BSE. it became very popular giving competition to NSDL. It was promoted by Bombay Stock Exchange jointly with leading banks such as State Bank of India. HDFC Bank. both NSDL and CDSL run side by side and have opened more than million demat accounts. Bank of India. As it was promoted by the BSE. which enables a DP to update transactions. The CDSL aimed to provide convenient service and efficiency than NSDL. The DP is the link between the investor and CDSL. The entire database of investors is stored centrally at CDSL.• About CDSL: CDSL stands for Central Depository Services Limited.
Software Hardware The server infra structure is procured from Hewlett Packard Company. which combines sixth-generation Fiber Channel 2Gb connectivity. services. Scalability and High Availability These systems are highly scalable and provide main frame class Reliability and Robustness. including full and incremental replication and anytime/any distance mirroring for business continuity protection. . the world leader in products. non-disruptive capacity and performance scalability. multiple 2GHz processors. continuous data availability and data integrity. Which is proven for Reliability. and solutions for information storage and management. This system is connected to one of the most robust and secure storage systems in the world from EMC. The EMC systems also provide the most advanced software capabilities. resulting in faster performance. HP 9000 (64 Bit RISC architecture) Enterprise server system Model is powered by mission critical HP UNIX operating system. CDSL has invested in an end-to-end fiber architecture storage system.