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REF NO: NSE/CMPT/9734
All
Members / Custodians
Dear
Sir(s)
1.
Banco Products
(I) Ltd. (BANCOINDIA) has announced a record date on November 30, 2007 for the
purpose of ‘Face Value Split of shares from Rs.10 per share to Rs.2 per
share’. Accordingly, the ‘No-delivery
period’ has been set up by NSCCL in the Normal Regular Market from November 23,
2007 to November 29, 2007 and the in-delivery settlement no. will be N-2007230.
The first demat pay-in after the record date is
scheduled for December 4, 2007. Due to the sub division of shares, NSDL shall
issue new ISINs corresponding to existing ISINs of Banco Products (I) Ltd. (BANCOINDIA). This shall be effective for all outstanding balances of the
security standing on November 30, 2007 in various beneficiary accounts
available with NSDL.
2. As per the procedure of the Clearing Corporation,
clearing members can claim margin benefits by making early pay-in of securities
as per their securities pay-in obligation in a given settlement. The Clearing Members shall however be having
old/existing ISIN INE213C01017 of Banco Products (I)
Ltd. (BANCOINDIA) to make any early
pay-in during the ‘No-delivery period’.
In order to enable members to effect early pay-in of securities and
avail of benefit in terms of margin and exposure limits, the clearing members
may effect the pay-in of securities detailed as under
from their pool accounts. Members are further advised to give only transfer
instructions for making early pay-in of the security in old ISIN after
adjusting for the conversion / split vis-a-vis the
sale obligation position (one share of old existing ISIN for deliverable
obligation of every five shares of new ISIN). A copy of the transfer
instructions should be faxed to the Securities Section addressed to Mr. Cyril D’souza /
Mr. Nitin Bhasin
to claim the benefits of early pay-in (Fax Nos. 26598269).
3. Please follow the details of account no. and
instruction as under, without exception and without making any error.
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1 |
CLIENT ID |
10000625 |
2 |
DPID |
IN001002 |
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3 |
CM – BP ID |
IN 510389 |
4 |
CM NAME |
NSCCL |
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5 |
MARKET TYPE |
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6 |
SETTLEMENT NO. |
2007230 |
4. It
may please be noted that transfer instructions are to be given in the above
account of NSCCL only. Please strictly
follow the under-mentioned points:
4.1 Instructions
given to any other accounts of NSCCL shall not be processed and shall be
treated as non-delivery of securities and dealt accordingly including auction
of the same as per laid down procedures.
4.2 It
may be noted that any IDO (Irreversible Delivery Out) instruction given in the
old ISIN shall be an invalid instruction and shall not be construed for pay-in
of the securities.
4.3 In
case any member has given IDO inadvertently, such member may get in touch with
Mr. Cyril D’souza / Ms. Dinaz
Shroff - Securities section on phone no.26598267/68,
for necessary assistance.
You may also note that if the instructions given in point 3 above are not
followed then as a consequence, such delivery/ obligation shall remain open and
result in short delivery and be dealt with accordingly.
For National Securities Clearing
Corporation Ltd.
Rana Usman
Manager