FIN - 309

Capital Market Operations

 Learning Outcomes
• To study the process of rematerlisation

• To compare de and re materialization

Latest news on Stock market
• https://www.youtube.com/watch?
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 Process of Remat
• Rematerialisation is the process by which
a client can get his electronic holdings
converted into physical certificates. The
client has to submit the rematerialisation
request to the DP with whom he has an
account.
• The DP enters the request in its system
which blocks the client's holdings to that
extent automatically.

• The DP releases the request to NSDL and

sends the request form to the Issuer/ R&T
agent. 
 Steps to Re-mat
• The client will submit a request to the DP
 for rematerialisation of holdings in its
account.
• On receipt of the request form, the DP will
verify that the form is duly filled in and
issue to the client, an acknowledgement
slip, signed and stamped.
• The DP will verify the signature of the
client as on the form with the specimen
available in its records.
• If the signatures are different the DP will
ensure the identity of the client.
• If the form is in order the DP will enter the
request details in its DPM (software
provided by NSDL to the DP). While
entering the details, if it is found that the
client's account does not have enough
balance, the DP will not entertain the
request.
• If there is sufficient balance in the client's
account, the DP will enter the request in
the DPM and the DPM will generate a
Rematerialisation Request Number (RRN).
• The RRN so generated is entered in the
space provided for the purpose in the
rematerialisation request form.
• Details recorded for the RRN should be
verified by a person other than the person
who entered the data. The request is then
released to the DM by the DP.
• The DP will fill the authorisation portion of
the request form.
• The DP will then despatch the request
form to the Issuer/ R&T agent.
• While processing the request, the Issuer/
R&T agent may report some objections.
Depending on the nature of objection, the
Issuer/ R&T agent may reject the request
or process it partially, seeking rectification
for the remaining, and send an objection
memo to the DP.
Comparison
End of Lecture