Download ref no: NSE/CMPT/10164

Circular No: NSCCL/SLBS/2008/002                                   January 30, 2008

 

NATIONAL SECURITIES CLEARING CORPORATION LIMITED

 

PARTICIPANT REGISTRATION AND ALLOTMENT OF UNIQUE CLIENT ID FOR SECURITIES LENDING AND BORROWING SCHEME (SLBS)

 

 

To

All Members and Custodians

 

In pursuance of circular no: NSCCL/SEC/2008/053 dated January 28, 2008, members are requested to note the procedure to be followed, inter alia, for participation in the Securities Lending & Borrowing Scheme (SLBS).

 

 

1. PARTICIPANT REGISTRATION

 

1.1 Eligibility Criteria

 

All clearing members of NSCCL including Banks and Custodians shall be eligible to participate in SLBS. In order to become eligible to participate in SLBS, such clearing members shall have to register as ‘Participants’ in SLBS.

 

1.2 Procedure for participant registration

 

Following is required to be registered as a Participant  -

i.                    Application in writing to NSCCL on letter head of the clearing member

ii.                  enter into an agreement with NSCCL in the prescribed format which is referred to as “Part A” of the Master Agreement . The format for the agreement is provided as Annexure 1.

iii.                minimum deposit of Rs. 10 lacs to be given as demand draft favouring National Securities Clearing Corporation Ltd.

iv.                fulfill such other conditions as may be prescribed by NSCCL

v.                  open an account with CDSL for SLB settlement. Acknowledged copy of the undertaking letter  (Annexure 2) addressed to CDSL to be provided to NSCCL.

 

1.3 User ID for SLB transactions

 

The NEAT user ids currently existing in the Capital Market Segment only shall be enabled for SLBS.  NEAT Id in Futures & Options Segment and CTCL Ids shall not be enabled for SLBS.

 

At any given point of time four user ids per Participant can be enabled for SLBS. Out of these four user ids the Corporate Manager identified in the Capital Market segment of the Participant would be the Corporate Manager user id in the SLBS segment. The NCFM certification valid in the Capital Market segment would suffice for the SLBS segment.

 

Any activity such as shifting, name change, status change, dual locking, etc. carried out on the Capital Market user ids would be affected on the SLBS user ids if these are also identified as SLBS user ids.

 

Request for enablement and disablement of SLBS user ids has to be submitted through the current ENIT and the status of the same would be on the same lines as that of Capital Market user ids.

 

1.4 Circumstances under which person shall cease to be Participant

 

A person shall cease to be a Participant, if one or more apply:

  1. by resignation
  2. by death
  3. by surrender of membership of NSE /NSCCL
  4. by expulsion in accordance with the provisions contained in the Byelaws, Rules and Regulations  of the stock exchange and / or Clearing Corporation of which it is a member
  5. by being declared a defaulter in accordance with the provisions contained in the Byelaws, Rules and Regulations of the of the stock exchange and / or Clearing Corporation of which it is a member
  6. by dissolution in case of partnership firm
  7. by winding up or dissolution of such company in case of a limited company

 

 

2. UNIQUE CLIENT ID

 

 

2.1 Agreement with Clients

 

Participants desirous of lending or borrowing securities can do so either on their own account or on behalf of their clients. Prior to undertaking lending or borrowing of securities on account of clients, the Participant shall enter into an agreement with each client as per the format specified by NSCCL. The same shall be referred to as “Part B” of the Master Agreement .The format for the agreement is provided as Annexure 3. The Part A of the master agreement executed between the Participant and NSCCL shall form part of the agreement between the Participant and the Client. The participant shall be required to attach a certified copy of the Part A alongwith Part B. 

 

2.2 Unique Client ID

 

The participant shall request NSCCL for allotment of Unique Client IDs for client’s with whom it has entered into the agreement as mentioned above.

 

2.3 Procedure for allotment of Unique Client ID

 

As required under the Securities Lending and Borrowing scheme of SEBI, Unique IDs shall be allotted by NSCCL to all clients who have registered with a Participant who in turn has registered with NSCCL for the purpose.

 

It is mandatory for the Participants to use the Unique Ids allotted by NSCCL while placing orders on behalf of their clients under the Securities Lending and Borrowing (SLB) scheme.

 

In order to facilitate allotment of Unique IDs, the following electronic application process has been put in place

 

  • Participants who have entered into an agreement with the NSCCL as required under the scheme will only be allowed to electronically apply for Unique IDs for the clients.
  • Participants can apply for Unique IDs for any of their clients only after completing KYC formalities and after entering into agreement as required under the scheme.
  • Client agreement date has to be mandatorily mentioned while electronically applying for Unique ID.
  • Participants shall not enter orders on behalf of their clients under the SLB scheme unless they have obtained Unique ID from NSCCL.
  • An application SLB_client_code1_0.mdb along with its user manual and detailed guidelines for electronically applying for Unique IDs on behalf of their clients is available on the following path on the Extranet slbftp\slbCommon\UCISLBapplication
  • Participants can use the following User ID and password for downloading the executable

User ID    :  slbguest

Password  : SLBGUEST.

  • Front-end application will be similar to the one, which is being currently used to upload client details to the Exchange for Cash and Derivatives segments.
  • Structure for the upload file is enclosed as Annexure 4. Name of the upload file is ‘SLB_YYYYMMDD.Tnn’ (Tnn denotes Participant’s file and batch number).
  • The file generated through Application ‘SLB_YYYYMMDD.Tnn’ is to be placed through Extranet in the respective directory in \slbftp\Uci\upld.
  • Upon processing of the above file, Participant will receive a response file in the respective directory \slbftp\Uci\dnld indicating status of upload with name ‘Participantcode_SLB_YYYYMMDD.Snn’ in case the file is accepted or ‘Participantcode_SLB_YYYYMMDD.Rnn’ in case the file/record is rejected. Structure of the file is enclosed as Annexure 5.
  • Subsequently, a file containing Unique IDs allotted by NSCCL for all successful records will be sent with the name Participantcode_SLB_UNIQUEID_ YYYYMMDD.LST. File structure is enclosed as Annexure 6.
  • Participants can apply for Unique IDs either through the Web based facility SLB_ONLINE or through Extranet using the above mentioned application.
  • To access the SLB_Online application, connect to https://www.enit.co.in/SLB/
  • Login ID and password for SLB_ONLINE will be intimated to Participants after they have entered into an agreement with NSCCL.
  • For all clients, Participants are required to collect, verify PAN details before applying for Unique IDs
  • In addition, for all institutional clients (that is FIIs, Mutual Funds, Domestic Financial Institutions, Banks, Insurance Companies etc), Participants also have to upload Unique Client Code (UCC) allotted by NSCCL/BSE alongwith PAN.
  • Institutional clients who do not have Unique Client Code (UCC) allotted by NSCCL/BSE may be advised to immediately approach NSCCL/BSE through their custodian for the same.

 

Participants may please note that Unique ID allotted by NSCCL would be 10 characters long. As has been mentioned earlier, Participants shall use this Unique ID while entering orders in SLB trading system.

 

To ensure accurate entry of Unique ID while placing orders, Participants are advised to use the facility of the Client Master available in the trading system.

 

2.4 Mandatory use of Unique Client ID

It is mandatory for the participants to use the Unique Ids allotted by NSCCL while placing orders on behalf of their clients under SLBS

 

In case of clarifications regarding Participant Registration kindly contact the following officials: Ms. Rehana D’Souza, Ms. Lakshmi Sai KP and Mr. Saurabh Mahajan on 26598246/47/48.

 

In case of clarifications regarding Unique Client ID kindly contact  the following officials at 26598100-14 – Ms Archana Upadhye (Extn  5131), Ms. Shanti Idnani (Extn 5137), Ms. Rajni Dhameja (Extn 5143) and Ms. Vaishali Bandekar (Extn 5150).

 

 

For National Securities Clearing Corporation Ltd.

 

 

Rana Usman

Manager


 

 

 

 

 

 

 

ANNEXURE 1

 

PART A

 

Participant and Approved Intermediary Securities Lending and Borrowing Agreement

 

This Agreement is made and executed at Mumbai on this ___ day of ____ 2008.

 

Between:

 

National Securities Clearing Corporation Limited, a Company incorporated under the provisions of the Companies Act, 1956, having its registered office at____________________, hereinafter referred to as  “AI” (which expression shall unless repugnant to the context or meaning thereof be deemed to mean and include its successors and assigns) of the One Part;

 

And

 

Mr./Ms./M/s. ______________________, an individual/ a partnership firm / a body corporate, registered/ incorporated under the provisions of the Indian Partnership Act, 1932 / Companies Act, 1956, having his /her / its office / registered office at ________________________, hereinafter referred to as “Participant” (which expression shall, unless  repugnant to the context or meaning thereof, be deemed to mean and include his/her heirs, executors and  administrators / the partners of the said firm for the time being, the survivor or survivors of them and the  heirs, executors and administrators of such last survivor / its successors and legal representatives, as the case may be) of the Other Part.

 

The AI and the Participant shall hereinafter be jointly referred to as the “Parties and severally as the “Party”.

 

WHEREAS:

 

i.                    The Securities and Exchange Board of India (hereinafter referred to as “SEBI”) has formulated and issued the Securities Lending Scheme, 1997 (hereinafter referred to as “SEBI Scheme”) and SEBI Circular No MRD/DoP/SE/Dep/Cir-14/2007 dated 20th December 2007 for facilitating lending and borrowing of securities through an “Approved Intermediary" registered with SEBI.

 

ii.                 The AI is registered as an approved intermediary under the SEBI Scheme and is, therefore, authorised to facilitate lending and borrowing of securities in accordance with the SEBI Scheme and Circulars of SEBI from time to time. Accordingly, the AI has framed the Securities Lending and Borrowing Scheme (hereinafter referred to as “SLBS”) for facilitating lending and borrowing of securities through persons registered as “Participants”.

 

iii.               Under the said SEBI Circular, there would be one master agreement with two individual parts. The first part of the agreement would be between the AI and the Participants and the second part of the agreement would be between the Participants and the Clients.  Securities lending and borrowing can be undertaken by the Participants either on their own account or on account of  the Clients registered with them by entering into an agreement with them.

 

iv.               Accordingly, in order to participate in the SLBS, the Participants are required to enter into this agreement with the AI which shall be referred to as “Part A”.

 

v.                  The Participant is desirous of participating in the SLBS and, therefore, has approached the AI and the AI has agreed to facilitate such participation subject to the terms and conditions contained herein.

 

Now therefore this agreement witnesseth and it is hereby agreed by and between the parties hereto as under:

 

1                    Legal Framework     

 

1.1.               Securities lending and borrowing shall be facilitated by the AI in accordance with the provisions of the SEBI Scheme, Circulars of  SEBI, SLBS and the Circulars issued thereunder by the AI and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation as applicable.

 

1.2.               Unless the context otherwise requires, the words and expressions used herein shall have the same meaning as defined in Securities Contracts (Regulation) Act, 1956 or Securities and Exchange Board of India Act, 1992 or Securities Lending Scheme, 1997 or Depositories Act, 1996 or rules and regulations made thereunder respectively or Circulars of SEBI or SLBS and the Circulars issued thereunder and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation.

 

1.3.               The provisions of the SEBI Scheme, Circulars of SEBI, Circulars of SEBI, SLBS and the Circulars issued thereunder and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation as applicable shall be deemed to be an integral part of this agreement and all the transactions under the SLBS by the Participant shall be strictly in accordance with thereof. In the event of any conflict or contradiction between the provisions of the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation as applicable, and this agreement, the provisions of the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation, shall prevail over this agreement.

 

1.4.               The provisions of this agreement shall become applicable to the SLBS or such other scheme as may be framed for securities lending and borrowing by the AI with the prior approval of SEBI or as may be permitted by SEBI unless otherwise specified by the AI.

 

1.5.               Master Agreement

 

1.5.1.      There shall be one Master Agreement with two individual   parts viz. Part A and Part B.

 

1.5.2.      This agreement constitutes Part A and the Participant and Client agreement constitutes Part B.

 

1.5.3.      The format of Part B as prescribed by the AI is annexed to this agreement.

 

1.5.4.      The provisions of this agreement shall form part and parcel of Part B.  A certified true copy of Part A shall be annexed to Part B.

 

1.5.5.      Under the SLBS, the agreement is only between the Participant and the AI and there is no privity of contract between the Participants interse.  Similarly, there is no privity of contract between Clients interse.

 

2                    Eligibility Criteria

 

2.1.            Persons registered as Participants with the AI can participate in the SLBS.

 

2.2.            The following persons shall be eligible to be registered as Participants:-

 

2.2.1.      Persons admitted as Clearing Members by the AI as a Clearing Corporation.

 

2.2.2.      Persons who are not prohibited from participating in SLBS under Clause 7.

 

2.2.3.      Such other persons as may be specified by the AI from time to time.

 

2.3.            The Participant shall be eligible to participate in the SLBS subject to fulfillment of such eligibility criteria. 

 

2.4.            The Participant shall fulfill such conditions as may be prescribed by the AI from time to time. 

 

2.4.1.      Without prejudice to the generality of the above clause, all Participants shall maintain a minimum deposit as prescribed by the AI from time to time which shall be used towards meeting the obligations and liabilities of the Participant arising by virtue of its participation in the SLBS.

 

2.5.            The Participant must be entitled to lend or borrow the securities.  There should be no restrictions whatsoever, whether statutory or otherwise, on the power to participate in the SLBS either as a lender or a borrower.

 

2.6.               Persons who are registered as Participants are entitled to apply for de-registration and the AI may, subject to such terms and conditions as it may prescribe, de-register the Participant.

 

2.7.               A person shall cease to be Participant under such circumstances as may be specified by the AI from time to time.         

 

3                    Eligible Securities

 

Lending and borrowing shall be permitted only in the securities as specified by SEBI or the AI from time to time.

 

4                    ConditionS PRECEDENT for execution of client orders

 

Prior to undertaking lending or borrowing of securities on account of the Clients, the Participant shall enter into Part B of the Master Agreement with the respective Clients and fulfill such other conditions as may be prescribed under the SLBS and Circulars issued thereunder.

 

5                    Tenure of Lending / Borrowing

 

The tenure of lending and borrowing of securities shall be specified in the Circulars as may be issued by the AI from time to time.  Such tenure shall be liable to change as and when so determined by SEBI or the AI.

 

6                    Settlement and Risk Management

 

6.1.            The Participant and the Client shall be bound by the settlement schedule as prescribed by the AI from time to time and transactions shall be settled in such manner as specified by the AI from time to time.

 

6.2.            The Participant and the Client shall not have any right to recall of securities outside the lending and borrowing schedule as prescribed by the AI from time to time.

 

6.3.            The transactions under SLBS shall be subject to such margins and position limits as may be specified by the AI from time to time.

 

6.4.            Failure to deliver funds and / or securities shall be subject to such action as may be prescribed by the AI.

 

6.5.            The Rules, Byelaws, Regulations, or Circulars of the AI as a Clearing Corporation shall apply to the SLBS to the extent applicable.

 

7                    Prohibition from participating in SLBS       

 

7.1.            The Participant is prohibited from participating in the SLBS under the following circumstances:-

 

7.1.1.      If the Participant has been suspended or expelled by the stock exchange or the Clearing Corporation of which it is a member or if the trading / clearing facility of the Participant is withdrawn by the stock exchange or the Clearing Corporation as the case may be;

 

7.1.2.      If the Participant has surrendered its membership of the stock exchange or the Clearing Corporation of which it is a member;

 

7.1.3.      If the Participant has been declared a defaulter by the stock exchange or the Clearing Corporation;

 

7.1.4.      If the AI comes to know that any  legal proceeding is commenced against the Participant or by the Participant with respect to itself seeking declaration of insolvency, winding up, dissolution, merger, amalgamation or other relief with respect to it or its debts under any law for the time being in force or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official for any substantial part of its property, or any order for relief shall be passed against the Participant under any bankruptcy, composition, insolvency or under any other similar proceedings for the time being in force. Where the Participant is a bank, in addition to the foregoing, any comparable event occurs, or any supervisory authority of the bank commences any proceeding or seeks or orders any comparable relief or takes any comparable action;

 

7.1.5.      If the Participant consents to any relief under the above clause or to the appointment of or taking possession by any official under the above clause in any case or other proceedings commenced against it, or makes a general assignment for the benefit of creditors, or fails generally to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or takes any action in furtherance of any of the foregoing, or, in addition to the foregoing, where the Participant is a bank, any comparable event occurs or the Participant takes any comparable action (including any request for relief from any supervisory authority).

 

7.2.               Any person who is barred by SEBI from accessing the Capital Market shall be prohibited from participating in the SLBS during the barred period.

 

7.3.            A Participant may be prohibited from participating in the SLBS under such other circumstances as may be specified by the AI from time to time.

 

8                    CONSIDERATION

 

In consideration of the AI providing full-fledged securities lending and borrowing under the SLBS, the AI shall be entitled for such fees, charges, levies, penalties and /or any other charges whether statutory or otherwise as prescribed by the AI in its Circulars from time to time.

 

9                    Rights of the AI

 

9.1.            Liquidation of Collateral

 

The AI is authorised by the Participant to liquidate, in its sole discretion, the assets deposited by the Participant as collateral or towards margins in such manner as may be prescribed by the AI in its Circulars from time to time in the event of the failure of the Participant to meet its obligations.

 

9.2.            Fees and Charges

 

The AI shall be entitled to charge such fees, transaction charges, taxes, duties, regulatory levies, expenses, reimbursements or such other charges from the Participant, whether statutory or otherwise, as may be specified by it in its Circulars from time to time and the same shall be subject to change at the discretion of the AI. The AI may authorise National Stock Exchange of India Limited (NSEIL) to administratively collect the same from the Participant in such manner as may be specified.

 

9.3.            Cancellation of Transactions

 

Notwithstanding anything contained in the Master Agreement, the AI shall be entitled to cancel the transactions under the SLBS, either on an application by the Participant or suo moto or under regulatory directions, and in such event, the transactions done on behalf of the Client shall ipso facto stand cancelled, and neither the AI nor the Participant shall be liable to compensate the Client for any loss whatsoever (including opportunity loss) arising out of such cancellation.

 

9.4.            Discontinuation of SLBS and Participation in SLBS

 

The AI shall be entitled to discontinue the SLBS or the participation of the Participant in the SLBS at any time at its discretion. Such discontinuation may be subject to such terms and conditions as may be specified by the AI from time to time.

 

9.5.               Withdrawal of Access

 

Notwithstanding any other provisions of this agreement, the AI has the right to withdraw the access of the Participant to the order matching platform of the AI for breach of the Master Agreement or the SLBS or the Circulars issued thereunder, or if it is detrimental to the interest of the AI and / or under regulatory directions (including directions from SEBI) without terminating this agreement. Such a withdrawal of access shall be without any notice and shall be for such period as may be determined by the AI.

 

9.6.               Close-out of transactions

 

The AI has a right to financially close-out such transactions at appropriate rates so as to act as a sufficient deterrent against failure to deliver securities.

 

9.7.               Imposition of Penalties or Fines

 

The AI has a right to impose penalties or fines or such other charges on the Participant for violation of the requirements under SLBS and Circulars issued thereunder from time to time.

 

9.8.            Amendment

 

The AI has a right to add, modify or amend any part of this agreement by way of Circulars.

                       

10                Obligations of THE AI

 

10.1.        To Abide by Law

 

The AI shall abide by the SEBI Scheme and the Circulars of SEBI from time to time with regard to securities lending and borrowing.

 

10.2.        Provision of Order Matching Platform

 

The AI shall provide automated, screen-based, order matching platform and clearing and settlement facility to the Participants for execution and settlement of the transactions under the SLBS.

 

10.3.        To Guarantee Settlement Obligations

 

The AI shall guarantee the return of securities to the lender and the delivery of securities to the borrower or financial compensation in lieu thereof, computed in such manner as may be specified by the AI in the SLBS or Circulars issued thereunder from time to time.

 

10.4.        Books of Accounts and Inspection

 

The AI shall maintain and make available to SEBI such information, books of accounts, documents, returns and reports as may be specified by SEBI from time to time.

 

10.5.        Dissemination of Information

 

The Circulars issued by the AI and the information flowing from the AI to the Participant shall be communicated and disseminated through the order matching platform of the AI.

 

11                Obligations of the Participant

 

11.1.           Compliance with “Know Your Clients”

 

The Participant shall comply with “Know Your Client” norms specified by SEBI or the AI from time to time.  It shall also obtain a copy of the Permanent Account Number (PAN) issued by the Income Tax Department from each Client and do the verification of the PAN with the original PAN. The Participant shall collect, maintain and produce the required details of the Client from time to time before the relevant authorities as and when required.

 

11.2.           Issue of Confirmation Memo

 

The Participant shall, upon execution of the Client’s transaction on the order matching platform of the AI, issue the confirmation memo in the specified format or such other documents to the Client within such time as may be prescribed by the AI from time to time.

 

11.3.           Securities lent to be Unencumbered

 

The Participant shall warrant that the securities lent are free from any lien, charge, pledge or any encumbrance(s) of whatsoever nature. In the event the Participant is unable to lend the securities, such default shall be dealt with in accordance with the provisions of the Circulars of SEBI or the AI issued from time to time.

 

11.4.           Collateral

 

11.4.1.  The Participant shall deposit the required collateral with the AI free from defect in title or encumbrance(s) in the form of cash, bank guarantee, fixed deposit receipts of bank(s) or such other securities as may be specified by the AI from time to time. If any defect in title or encumbrance(s) over the collateral deposited with the AI is found subsequently, such collateral shall be immediately replaced by the Participant.

 

11.4.2.  The Participant shall replenish any shortfall in the value of the collateral as may be required within the time frame as may be specified by the AI from time to time.

 

11.5.           Exposure / Position Limits

 

The Participant shall abide by the exposure / position limits, if any, set by SEBI or the AI from time to time.

 

11.6.           Default and Consequences of Default

 

If the  Participant fails to meet its obligations (funds and/or securities) or margin requirements arising from time to time, the  Participant shall be deemed to be a defaulter for this purpose and the AI shall, in addition to such recourse as may be available to it under the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder and Rules, Byelaws and Regulations of the AI as a Clearing Corporation as applicable, have the right to liquidate the collateral and margin deposited by the  Participant as a Clearing Member of the Clearing Corporation in order to close the transactions under the SLBS executed on the order matching platform of the AI to fulfill its obligations as specified by the SEBI Scheme Circulars of SEBI, SLBS and the Circulars issued thereunder and Rules, Byelaws and Regulations of the AI as a Clearing Corporation as applicable. Any losses suffered by the AI in meeting the said obligations shall be recovered from the Participant through such mode as may be prescribed under the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder and Rules, Byelaws and Regulations of the AI as a Clearing Corporation. Without prejudice to the foregoing, in the event of a Participant being declared a defaulter, the AI as a Clearing Corporation, shall, in addition to taking such steps as may be necessary for recovery of the loss suffered by it, be entitled to take appropriate disciplinary action as may be permissible against the defaulter Participant as a Clearing Member under the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder and Rules, Byelaws and Regulations of the AI as a Clearing Corporation.

 

11.7.           Return of Securities

 

The Participant shall return the equivalent number of the securities of the same type and class borrowed by it along with corporate benefits, if any, within the time specified by the AI in the Circulars issued from time to time.

 

11.8.        Settlement Procedure

 

The Participant shall be bound by the clearing and settlement procedures prescribed by the AI from time to time. Such procedures shall include deposit of collateral and replenishment of the collateral from time to time, close-out of transactions upon failure of the Participant to meet its obligations.

 

11.9.        Books of Accounts and Inspection

 

The Participant shall maintain and make available for inspection such books of accounts, documents, information, and reports as may be specified by the AI from time to time.

 

11.10.    Code of Conduct

 

The Participant shall abide by the Code of Conduct as may be prescribed by SEBI or the AI from time to time.

 

11.11.       Payment of Fees and Charges

 

Participants shall be liable to pay such fees, transaction charges, taxes, duties, regulatory levies, expenses, reimbursements or such other charges, whether statutory or otherwise, as may be specified by the AI from time to time. Unless otherwise specified, amounts so payable by the Participants may be debited from the Participant's relevant designated bank account. In case of debit, if the amount standing to the credit of such designated bank account is insufficient, the Participant shall remain liable to the AI for any such deficiency.

 

12                Rights of the Participant

 

12.1.        The Participant shall be entitled to carry on the business of securities lending and borrowing on its own account or on account of any of its Clients subject to fulfillment of the required norms specified by the AI.

 

12.2.        The Participant, as a borrower, shall be entitled to receive securities or financial compensation in lieu thereof, computed in such manner as may be specified by the AI from time to time. Where the Participant, deposits securities approved by the AI as collateral, the Participant shall be entitled to receive from the AI, the collateral.

 

12.3.        The Participant, as a lender, shall be entitled to receive the securities lent or financial compensation in lieu thereof, computed in such manner as may be specified by the AI from time to time.

 

12.4.        The Participant, as a lender, shall be entitled to receive lender’s fee for the securities lent.

 

13                Duration and Termination

 

13.1.        This agreement shall remain in force unless terminated by the AI.

 

13.2.        The AI can terminate this agreement at any time without giving any reason or notice to the Participant. Such termination shall, however, not affect the liabilities/obligations of either party arising out of the transactions under SLBS entered into prior to the date of the notice of termination.

 

14                Consequences of Termination

 

14.1.        The Participant shall cease to participate in the SLBS on termination of this agreement.

 

14.2.        The Participant shall not enter into transactions under SLBS with any of its Client or other third party upon termination of this agreement.

 

14.3.        Notwithstanding the termination of this agreement, the provisions in Clauses 2, 3, 5, 10, 14 and 16 shall survive the termination of this agreement.

 

15                Disclaimer

 

15.1.        The obligation of the AI shall be limited to providing a platform for lending and borrowing of securities, and nothing herein contained shall constitute an obligation on the part of the AI to ensure that any particular security or any type or quantity of securities is available for lending or borrowing by the Participants.

 

15.2.        Nothing herein contained shall exempt the AI from discharging any obligations imposed on the AI by any law, regulations and guidelines.

 

16                Indemnity

 

16.1.        The  Participant shall, at its own cost and expense, indemnify, defend or at its option settle and hold the AI free and harmless from and against including but not limited to any and all losses, liabilities, claims, actions, costs and expenses, including reasonable attorneys’ fees and court costs, relating to, resulting from or in any  way arising  out of –

 

16.1.1.        Breach or material breach of any of the Participant’s representations, warranties or obligations contained herein including loss or damage arising out of willful misconduct or negligence.

 

16.1.2.        Any action of the Participant not authorised or permitted under this agreement.

 

16.1.3.        Any claim, suit or proceeding brought against the AI for any harm, loss or injury suffered by any third party in respect of the agreement.

 

17                 Notice

 

17.1.        Any communication sent by the AI to the Participant shall be deemed to have been properly delivered or served, if the same is sent to the ordinary business address and/or ordinary place of residence and/or last known address of the Participant, in any one or more of the following ways:-

 

17.1.1.              by post;

 

17.1.2.              by registered post;

 

17.1.3.              under certificate of posting;

 

17.1.4.              by speed post/courier;

 

17.1.5.              by telegram;

 

17.1.6.              by affixing it on the door at the last known business or residential address;

 

17.1.7.              by oral communication to the Participant in the presence of a third person;

 

17.1.8.              by advertising it in at least one prominent daily newspaper having circulation in the area where the last known business/residential address of the Participant is situated;

 

17.1.9.              by sending a message through the Order Matching System;

 

17.1.10.          by electronic mail or fax;

 

17.1.11.          by hand delivery.

 

17.2.           Any communication sent by the Participant to the AI shall be made in any one or more of the following ways:-

 

17.2.1.              by post (registered or speed) or courier;

 

17.2.2.              by telegram;

 

17.2.3.              by electronic mail or fax;

 

17.2.4.              by hand delivery.

 

18                Non-waiver

 

             No forbearance to exercise or failure to exercise or delay in exercising any right, power or remedy vested in this agreement shall constitute a waiver by that party of that or any other right, remedy or power.

 

19                Assignment

 

The Participant shall not assign this agreement or any part thereof or any benefit or interest therein. The AI shall have the right to assign this agreement or any part thereof or any benefit or interest therein in favour of any of its successors/assigns. In the event of any such assignment, the rights and obligations of the AI under this agreement shall stand transferred in the name of such successors or assigns.

 

20                Headings

 

The headings of the clauses are used for the purpose of convenience only and shall not affect the construction of the clauses or this agreement.

 

21                Stamp duty

 

Stamp duty, if any, applicable/payable on this agreement shall be borne by the Participant.

 

22                Governing Law and Jurisdiction

 

22.1.           This agreement shall be governed by and construed in all respects in accordance with the laws of India.

 

22.2.           In relation to any legal action or proceedings to enforce this agreement, the parties irrevocably submit to the exclusive jurisdiction of the courts of Mumbai, India and waive any objection to such proceedings on grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

 

23                Effective Date

 

This agreement shall be effective as of the date first set forth above once executed by or on behalf of both parties from the date of execution and with immediate effect the Participant shall be eligible to participate in the SLBS from such date the AI permits the Participant to participate in the SLBS subject to the terms and conditions as prescribed by the AI from time to time.

 

IN WITNESS WHEREOF, the Parties hereto have executed this agreement as of the day and the year first above written.

 

 

 

                       

                                                                                   

 

                                                             

 

 


ANNEXURE 2

 

 

Date:

From:

[Participant Name and address]

 

To:

[Central Depository Services (I) Ltd. and address]

 

Dear Sirs,

 

Sub:     Operation of Depository for National Securities Clearing Corporation Limited

 

Ref:     Our Depository Account No:                                     with [CDSL, address].

 

With reference to the above, we note that:

 

1. NSCCL has established a clearing and settlement system, whereby its Participants will be able to undertake the clearing and settlement of deals admitted.

 

2. Central Depository Services (I) Limited (CDSL) has been appointed by NSCCL as a Settling Depository for the purpose of settlement of securities in dematerialised form.

 

3. Now I/We do hereby irrevocably authorize CDSL to block/earmark the balances in my/our Depository account and to debit/credit my/our above account as the case maybe as per the instructions received from NSCCL. Additionally I/We authorize CDSL to report balances and give any other information as and when required to NSCCL relating to my/our above mentioned account. This irrevocable undertaking will be effective from the date of commencement of operation by NSCCL.

 

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

 

Yours faithfully

 

Authorised Signatory.

 

cc to NSCCL

cc to DP

 

 

Account opening confirmation

(to be sent duly filled to NSCCL)

 

 

T.M.Code   :

 

 

 

T.M.Name  : _________________________________________________________

                   

                      __________________________________________________________

 

 

Account No.:

(by CDSL)

 

 

DP Id           :

 

Signature: _______________________

 

Stamp     :________________________

 

Date        :________________________

 


 

 

 

ANNEXURE 3

 

PART B

 

Participant-Client Agreement for Securities Lending and Borrowing

 

This agreement is made and executed at _________ on this _____ day of ________ 2008.

 

Between:

 

Mr./Ms./M/s. ______________________, an individual / a partnership firm / a body corporate, registered / incorporated under the provisions of the Indian Partnership Act, 1932 / Companies Act, 1956, having his /her /its office /registered  office at ______________, hereinafter referred to as “Participant” (which expression shall, unless  repugnant to the context or meaning thereof, be deemed to mean and include his /her heirs, executors and  administrators / the partners of the said firm for the time being, the survivor or survivors of them and the  heirs, executors and administrators of such last survivor / its successors and legal representatives, as the case may be ) of the One Part;

 

And

 

Mr./Ms./M/s. ______________________, an individual / a proprietary concern / a partnership firm / a body corporate, registered / incorporated under the provisions of the Indian Partnership Act, 1932 / Companies Act, 1956, having his /her / its  Permanent Account Number _____ (“PAN”)  and his / her / its residence / registered office at ___________________, hereinafter referred to as “Client” (which expression shall, unless repugnant to the context or meaning thereof, be deemed to mean and include his /her heirs, executors and  administrators /the partners for the time being of the said firm, the survivor or survivors of them and the heirs, executors and administrators  of such last survivor / its successors and legal representatives, as the case may be) of the Other Part.

 

WHEREAS:

 

  1. The Securities and Exchange Board of India (hereinafter referred to as “SEBI”) has formulated and issued the Securities Lending Scheme, 1997 (hereinafter referred to as “SEBI Scheme”) and SEBI Circular No MRD/DoP/SE/Dep/Cir-14/2007 dated 20th December 2007 for facilitating lending and borrowing of securities through an “Approved Intermediary" registered with SEBI.

 

  1. The AI is registered as an approved intermediary under the SEBI Scheme and is, therefore, authorised to facilitate lending and borrowing of securities in accordance with the SEBI Scheme and Circulars of SEBI from time to time. Accordingly, the AI has framed the Securities Lending and Borrowing Scheme (hereinafter referred to as “SLBS”) for facilitating lending and borrowing of securities through persons registered as “Participants”.

 

  1. Under the said SEBI Circular, there would be one master agreement with two individual parts. The first part of the agreement would be between the AI and the Participants and the second part of the agreement would be between the Participants and the Clients.  Securities lending and borrowing can be undertaken by the Participants either on their own account or on account of the Clients registered with them by entering into an agreement with them.

 

  1. Accordingly, the Participants who are desirous of lending or borrowing securities under the SLBS are required to enter into an agreement with the AI which shall be referred to as “Part A”.  The Participants are also required to enter into an agreement with their respective Clients which shall be referred to as “Part B”. Part A and Part B together shall constitute the master agreement.

 

  1. The Participant has accordingly approached the AI for participating in the SLBS and the AI has agreed to facilitate such participation subject to the terms and conditions contained in the master agreement.

 

  1. The Client is desirous of participating in the SLBS and, therefore, has approached the Participant.  The Participant has satisfied itself about the genuineness and financial soundness of the Client and the objectives relevant to the services to be provided and is therefore, agreeable to facilitating such participation subject to the terms and conditions contained herein.

 

  1. The Participant has made the Client aware of and the Client has understood the precise nature of the Participant’s liability under SLBS including any limitations, the liability and the capacity in which the Participant acts.

 

  1. Subject to the SEBI Scheme, Circulars of SEBI, SLBS and Circulars issued thereunder, and/or the Rules, Byelaws, Regulations of the AI as a Clearing Corporation as applicable and as in force from time to time, the parties hereto agreed as under.

 

Now therefore this agreement witnesseth and it is hereby agreed by and between the parties hereto as under:

 

 

1.                  LEGAL FRAMEWORK     

 

1.1.   Securities lending and borrowing shall be facilitated by the AI in accordance with the provisions of the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder by the AI and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation as applicable.

 

1.2.               Unless the context otherwise requires, the words and expressions used herein shall have the same meaning as defined in Securities Contracts (Regulation) Act, 1956 or Securities and Exchange Board of India Act, 1992 or Securities Lending Scheme, 1997 or Depositories Act, 1996 or the rules and regulations made thereunder respectively or Circulars of SEBI or SLBS and the Circulars issued thereunder and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation.

 

1.3.               The provisions of the SEBI Scheme, Circulars of SEBI, SLBS and the  Circulars issued thereunder and the Rules, Byelaws and Regulations of the AI as a Clearing Corporation as applicable and Part A of the Master Agreement shall be deemed to be an integral part of this agreement and all the transactions under the SLBS by the Client shall be strictly in accordance with thereof. In the event of any conflict or contradiction between the provisions of the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder and the Rules, Byelaws, Regulations of the AI as a Clearing Corporation as applicable, and this agreement, the provisions of the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder, the Rules, Byelaws and Regulations of the AI as a Clearing Corporation shall prevail over this agreement. The provisions of this agreement are in addition thereto and not in derogation thereof.

 

1.4.               The provisions of this agreement shall become applicable to the SLBS or such other scheme as may be framed for securities lending and borrowing by the AI with the prior approval of SEBI or as may be permitted by SEBI unless otherwise specified by the AI.

 

1.5.               Master Agreement

 

1.5.1.      There shall be one Master Agreement with two individual parts viz. Part A and Part B.

 

1.5.2.      The agreement between the AI and the Participant constitutes Part A and this agreement constitutes Part B.

 

1.5.3.      The provisions of Part A shall form part and parcel of this agreement.  A certified true copy of Part A is annexed to this agreement.

 

2.                  ELIGIBILITY CRITERIA

 

Any person(s) who meets the eligibility criteria as may be specified by the AI for the Clients under the SLBS, shall be eligible to participate in the SLBS by entering into this agreement with the Participant.

 

3.                  CONSIDERATION

 

In consideration of the Participant providing full-fledged securities lending and borrowing under the SLBS, the Participant shall be entitled for charges, fees, other levies and /or any such other charges, subject to such limits as may be permitted by the AI in its Circulars from time to time.

 

4.                  RIGHTS OF THE PARTICIPANT

 

4.1.            Margins

 

The Participant is empowered to call upon the Client to pay such margins as may be specified by the AI from time to time.

 

4.2.            Recovery

                       

The Participant shall be entitled to recover from the Client the loss or charges, fees, other levies and /or any such other charges that has been paid by the Participant to the AI or imposed by the AI on account of its Client arising out of default or transactions under the SLBS whether current or past that are effected by the Client in meeting its obligations by adjusting margins and other deposits, if any, available with the Participant against the Client's liabilities / obligations.

 

5.                  OBLIGATIONS OF THE PARTICIPANT

 

5.1.            Issue of Confirmation Memo

 

The Participant shall, upon execution of the Client’s transaction on the order matching platform of the AI, issue the confirmation memo in the specified format or such other documents to the Client within such time as may be prescribed by the AI from time to time.

 

 

5.2.            Money / Securities to be kept in Separate Bank Account

 

The Participant agrees that the money / securities deposited by the Client shall be kept in a separate bank account / settlement demat account, distinct from its own account or accounts of any other Clients, and shall not be used by the Participant for itself or for any other Clients or for any purpose other than the purposes mentioned in the SEBI Scheme, Circulars of SEBI, SLBS and Circulars issued thereunder.

 

5.3.            Update on Settlement Process

 

The Participant agrees to inform and keep the Client apprised about securities lending and borrowing settlement cycles, delivery/payment schedules and any changes therein from time to time.

 

5.4.            Compliance with Know Your Client Norms

 

The Participant undertakes to maintain the “Know Your Client” details of the Client as mentioned in the Client Registration Form or any other information pertaining to the Client in confidence and that it shall not disclose the same to any person / authority except to the AI or as required under any law / regulatory requirements or in compliance with any decree, order or direction of any Court, Tribunal, SEBI or other authority duly empowered in law; Provided however that the Participant may so disclose information about its Client to any person or authority with the express permission of the Client.

 

5.5.            Reconciliation of Account

 

The Participant and the Client shall agree to reconcile their accounts regularly with reference to the transactions under the SLBS.

 

5.6.            Return of Securities and Lending Fees

 

5.6.1.      Where the Client is a lender unless otherwise agreed upon between the Participant and the Client -

 

5.6.1.1.      The Participant shall ensure the return of securities to the Client by transferring the same to the Client’s account within such time as may be prescribed by the AI..

 

5.6.1.2.      The Participant shall ensure the return of the lending fees to the Client within such time as may be prescribed by the AI.

 

5.7.            Delivery of Securities

 

5.7.1.      Where Client is a borrower unless otherwise agreed upon between the Participant and the Client –

 

5.7.1.1.      The Participant shall ensure the delivery of securities to the Client by transferring the same to the Client’s account within such time as may be prescribed by the AI.

 

6.                  RIGHTS OF THE CLIENT

 

6.1.            Where the Client is the lender unless otherwise agreed upon between the Participant and the Client -

 

6.1.1.      The Client shall be entitled to receive the securities lent or financial compensation in lieu thereof, computed in such manner as may be specified by the AI from time to time.

 

6.1.2.      The Client shall be entitled to receive lender’s fee for the securities lent.

 

6.2.            Where the Client is the borrower unless otherwise agreed upon between the Participant and the Client -

 

6.2.1.      The Client shall be entitled to receive securities borrowed or financial compensation in lieu thereof, computed in such manner as may be specified by the AI from time to time.

 

6.2.2.      The Client shall be entitled to receive from the Participant, the collateral in case the Client has deposited securities approved by the AI as collateral.

 

6.3.            Notwithstanding any other provisions of the Master Agreement, the Client shall be entitled to have all the rights that are conferred on it from time to time under the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder.

 

7.                  OBLIGATION OF THE CLIENT

 

7.1.            Abide by Law & Acquaintance to Law

 

The Participant declares that it has brought the contents of the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder from time to time, and the terms and conditions of the Master Agreement to the notice of the Client and the Client agrees to comply with and adhere to the same. 

 

7.2.            Update & Comply with the Settlement Process

 

Notwithstanding anything contained in Clause 4.4, the Client shall at all times make its own inquiries and keep itself updated on all settlement cycles, delivery/payment schedules and changes therein, and it shall be the responsibility of the Client to comply with such schedules/procedures of the AI.

 

7.3.            Processing Charges

 

The Client agrees to pay the Participant, processing charges and statutory levies prevailing from time to time or any other charges for the services provided by the Participant.  The Participant agrees that it shall not charge processing charges / fees beyond the maximum limit permissible under the SEBI Scheme, Circulars of SEBI, SLBS and the Circulars issued thereunder from time to time.

 

7.4.            Change in Client Registration Form

 

The Client agrees to immediately notify the Participant in writing whenever there is any change of information in the “Client Registration Form” provided by the Client to the Participant.

 

7.5.            Authorised Representative

 

The Client agrees to be bound by the instructions issued by its authorised representative, if any, in accordance with the letter authorising the said representative to deal on its behalf.

 

7.6.            Return of Securities

 

The Client shall return the equivalent number of securities of the same type and class borrowed by it within the time specified by the AI in the Circulars issued from time to time.

 

7.7.            Payment of Margins

 

The Client agrees to pay such margins as may be specified by the Participant in accordance with the requirement of AI or SEBI from time to time.

 

7.8.            Exposure / Position Limits

 

The Client agrees to abide by the exposure / position limits, if any, set by the Participant or the AI or SEBI from time to time.

 

7.9.            Securities lent to be Unencumbered

 

The Client agrees and warrants that the securities lent are free from lien, charge, pledge or any encumbrance(s) of whatsoever nature.

 

7.10.        Collateral

 

At the discretion of the Participant, where the Client deposits the required collateral with the Participant, the same shall be free from any encumbrance(s) of whatsoever nature or defect in the title. If any encumbrance(s) or defect in the title is found subsequently, such collateral shall be immediately replaced by the Client.

 

7.11.        Insolvency

 

The Client agrees to immediately furnish information to the Participant in writing, if any winding up petition or insolvency petition has been filed or any winding up or insolvency order or decree or award is passed against it or if any litigation which may have material adverse bearing on its net worth has been filed against it.

 

7.12.        Cancellation of Transactions

 

Notwithstanding anything contained in the Master Agreement, the AI shall be entitled to cancel transactions under the SLBS, either on an application by a Participant or suo moto or under regulatory directions, and in such event, the transactions done on behalf of the Client shall ipso facto stand cancelled, and neither the AI nor the Participant shall be liable to compensate the Client for any loss whatsoever (including opportunity loss) arising out of such cancellation.

 

7.13.        Discontinuation of SLBS and Participation in SLBS

 

            The AI shall be entitled to discontinue the SLBS or the participation of the Participant in the SLBS at any time at its discretion. Such discontinuation may be subject to such terms and conditions as may be specified by the AI from time to time.

 

8.      ARBITRATION

 

8.1.            The Participant and the Client shall co-operate with each other and / or the AI in redressing their grievances in respect of transactions under the SLBS.

 

8.2.            All disputes and differences or questions arising out of or in relation to this agreement including obligations, failure or breach thereof by any of the parties and/or of any matter whatsoever arising out of this agreement shall in the first instance be resolved mutually by the parties. If the parties fail to resolve the same mutually, then the same shall be referred to and decided by arbitration in accordance with the procedures as prescribed by the AI under the SLBS and the  Circulars issued thereunder.

 

9.                  GOVERNING LAW AND JURISDICTION

 

9.1.            This agreement shall be governed by and construed in all respects in accordance with the laws of India.

 

9.2.            In relation to any legal action or proceedings to which the AI is a party, the parties irrevocably submit to the exclusive jurisdiction of the courts of Mumbai, India and waive any objection to such proceedings on grounds of venue or on the grounds that the proceedings have been brought in an inconvenient forum.

 

9.3.            In relation to any legal action or proceedings to which AI is not a party, the parties irrevocably submit to the jurisdiction of any competent court of law where the Client ordinarily resides at the time of execution of the transactions under the SLBS.

 

10.              EFFECTIVE DATE

 

This agreement shall be effective as of the date first set forth above once executed by or on behalf of both parties from the date of execution and with immediate effect the Client shall be eligible to participate in the SLBS from such date the AI permits the Participant to participate in the SLBS subject to fulfillment of the terms and conditions as stipulated by the AI from time to time.

 

11.              TERMINATION

 

This agreement shall forthwith terminate if the Participant for any reason ceases to be a Participant under the circumstances as prescribed by the AI. This agreement may be terminated by either party by giving prior written notice of at least one month without assigning any reason. Such termination shall, however, not affect the liabilities/obligations of either party arising out of the transactions under the SLBS entered into prior to the date of the notice of termination.

 

12.              AMENDMENT

 

This agreement shall not be altered, amended and /or modified by the parties in a manner that shall be in contravention of the provisions of Clause 1 of this agreement pertaining to the Legal Framework.

 

13.              HEADINGS

 

The headings of the clauses are used for the purpose of convenience only and shall not affect the construction of the clauses or this agreement.

 

 

IN WITNESS WHEREOF the parties to this agreement have caused these presents to be executed as of the day and year first above written.

 

The Client’s Signature /                             The Participant’s Signature /

Authorized Signatory                                  Authorized Signatory

 

Signed by:                                                     Signed by:

 

Title:                                                               Title:

 

Name of the Client:                                      Name of the Participant:

 

Witness:                                                         Witness:

 

1.                                                                     1.

 

2.                                                                     2.



ANNEXURE 4

 

 

File for uploading client details to NSCCL

 

File Name                    : SLB_YYYYMMDD.Tnn

File Format                  : Pipe Delimited file

 

 

SLB                             :  File type

YYYYMMDD           :  Business Date

T                                  :  File Indicator (for data file being submitted by the Participant)

nn                                :  Batch number (is a running sequence number) – valid values 1 to 99.

 

Control Record Format:

 

Field

Length

Mandatory/ Optional

Description

Record Type

CHAR(2)

Mandatory

Value = 10

Participant Type

CHAR(1)

Mandatory

Value = 'M'

Participant Code

CHAR(5)

Mandatory

Participant Code.

Date            

CHAR(8)

Mandatory

Format: DDMMYYYY.

Batch Number

Number(2)

Mandatory

Value to start with 01. Shall be same as in the file name.

Total No. of Records

Number(5)

Mandatory      

Total number of Detail Records

 

 

Detail Record Format:

 

Field

Length

Mandatory/ Optional

Description

Segment

CHAR(1)

Mandatory

Valid Value is:

 

S – Securities Lending and Borrowing Scheme.

 

Client Code

CHAR (10)

Mandatory

Uniqueness of the client code should be maintained by the Participant

 

The Participant should note that this client code is for back office purpose and should NOT be used while entering orders in SLB system.

 

Mapin ID

CHAR(9)

Optional

Mapin ID shall be of 9 characters.

 

PAN

CHAR (10)

Mandatory

Pan Details is mandatory

 

Pan No. shall be 10 characters and shall have first 5 alphabets, next 4 numerics and the last alphabet.

Ward No.

CHAR (25)

Optional

 

The ward / circle / special range allotted by the Income Tax Department may be given.

Passport No.

CHAR (25)

Optional/Mandatory

 

Passport Details is mandatory if the Place of issue of Passport No. or Date of issue of Passport No. is given.

 

For categories other than Individual & NRI, Passport Details is not to be given.

Issue Place of Passport No.

CHAR (25)

Optional

/ Mandatory

Place of issue of Passport No. is mandatory if Passport No. or Date of issue of Passport No. is mentioned.

Issue Date of Passport No.

DATE

Optional /

Mandatory

Date of issue of Passport No. is mandatory if Passport No. or Place of issue of Passport No. is mentioned.

Date format shall be DD-MON-YYYY.

Driving License No.

CHAR (25)

Optional

/ Mandatory

Driving License No. is mandatory if Date of issue of Driving License No. or Place of issue of Driving License No. is mentioned.

 

For categories other than Individual & NRI, Driving License Details is not to be given.

Issue Place of Driving License No.

CHAR (25)

Optional

/ Mandatory

Place of issue of Driving License No. is mandatory if Driving License No. or

 

Date of issue of Driving License No. is mentioned.

Issue Date of Driving License No.

DATE

Optional

/ Mandatory

Date of issue of Driving License No. is mandatory if Driving License No. or Place of issue of Driving License No. is mentioned.

 

Date format shall be DD-MON-YYYY.

Voter ID No.

CHAR (25)

Optional

/ Mandatory

Voter ID No. is mandatory if Issue Date of Voter ID No. or Issue Place of Voter ID No. is mentioned.

 

For categories other than Individual & NRI, Voter ID Details is not to be given.

Issue Place of Voter ID No.

CHAR (25)

Optional / Mandatory

Issue Place of Voter ID No. is mandatory if Voter ID No. or Issue Date of Voter ID No. is mentioned.

Issue Date of Voter ID No.

DATE

Optional / Mandatory

Issue Date of Voter ID No. is mandatory if Voter ID No. or Issue Place of Voter ID No. is mentioned.

 

Date format shall be DD-MON-YYYY.

Ration Card No.

CHAR(25)

Optional

/ Mandatory

Ration Card No. is mandatory if Issue Date of Ration Card No. or Issue Place of Ration Card No. is mentioned.

 

Bank Details and Depository Details shall be mandatory if Ration Card Details are provided.

 

For categories other than Individual & NRI, Ration Card Details is not to be given.

Issue Place of Ration Card No.

CHAR (25)

Optional

/ Mandatory

Issue Place of Ration Card No. is mandatory if Ration Card No. or Issue

Date of Ration Card No. is mentioned.

Issue Date of Ration Card No.

DATE

Optional

/ Mandatory

Issue Date of Ration Card No. is mandatory if Ration Card No. or Issue Place of Ration Card No. is mentioned.

 

Date format shall be DD-MON-YYYY.

Registration No. of Client

CHAR (25)

Optional

/ Mandatory

Registration No. is mandatory if any of Registering Authority or Place of Registration or Date of Registration is mentioned.

 

For Individual and NRI Registration details are not required.

Registering Authority

CHAR (60)

Optional

/ Mandatory

Registering Authority is mandatory if any of Registration No. or Place of Registration or Date of Registration is mentioned.

Place of Registration

CHAR (25)

Optional

/ Mandatory

Place of Registration is mandatory if any of Registration No. or Registering Authority or Date of Registration is mentioned

Date of Registration

DATE

Optional

/ Mandatory

Date of Registration is mandatory if any of Registration No. or Registering Authority or Place of Registration is mentioned. 

 

Date format shall be DD-MON-YYYY.

Client Name

CHAR (60)

Mandatory

Name of the Client must be in full- first name, middle name, surname.

Category

CHAR (2)

Mandatory

Valid values are: -

Individual / Proprietorship Firms - 1

Partnership Firm - 2

HUF - 3

Public & Private Companies / Bodies Corporate - 4

Trust / Society - 5

Mutual Fund – 6

Domestic Financial Institutions (Other than Banks & Insurance) - 7

Bank - 8

Insurance - 9

Statutory Bodies - 10

NRI- 11

FII - 12

OCB –13

Client Address

CHAR (255)

Mandatory

Complete address of the client must be entered.

Pin code

NUMBER(6)

Optional

Participant may specify the Pin Code.

 

For NRI, FII & OCB, Pin Code shall be allowed to contain alpha numerics and shall be 10 characters.

 

For other than NRI, FII & OCB, Pin Code shall contain only numerics and shall be 6 characters.

Telephone Number

CHAR (25)

Optional

Telephone number may be given along with ISD/STD code.

Date of Birth / Date of Incorporation

DATE

Optional

For Individual & NRI, the Participant may specify the date of birth.

 

For other categories of client, the Participant should enter the date of incorporation.

 

Date format shall be DD-MON-YYYY.

Client Agreement Date

DATE

Mandatory

Participant has to specify the date of execution of the Participant constituent agreement with the client regarding to SLB

 

Date format shall be DD-MON-YYYY.

Introducers Name

CHAR (60)

Optional

Participant  may specify the name of the person who has introduced the client to the Participant.

 

Introducers name must be given in full- surname, first name, middle name.

Relationship With the Introducer

CHAR (25)

Optional

Participant may specify the relationship of the client with the introducer.

Introducer’s Client ID

CHAR (10)

Optional

The unique client id of the introducer may be given, if the introducer is already registered as a client with the Participant.

Bank Name

CHAR (60)

Optional  / Mandatory

Bank Name is mandatory if Bank Branch Address or Bank Account Type or Bank Account No. is mentioned.

 

For this purpose, the main Bank through which the client carries out operations with the Participant shall be given.

Bank Branch Address

CHAR (255)

Optional / Mandatory

Bank Branch Address is mandatory if Bank Name or Bank Account Type or Bank Account No. is mentioned.

 

The Bank Branch address in which the client account is operated shall be given.

Bank Account Type

CHAR (2)

Optional / Mandatory

Bank Account Type is mandatory if Bank Name or Bank Branch Address or Bank Account No. is mentioned.

Valid Values are: -

Savings -10

Current -11

Others – 99

Bank Account No.

CHAR (25)

Optional / Mandatory

Bank Account No. is mandatory if Bank Name or Bank Branch Address or Bank Account Type is mentioned

The bank account number of the client shall be given.

Depository ID

CHAR (25)

Optional

Depository ID is mandatory if Ration Card Details or Depository Name or Beneficial Owner Account No. is mentioned.

The Depository ID of the client shall be given.

Depository Name

CHAR (4)

Optional / Mandatory

Depository Name is mandatory if Ration Card Details or Depository ID or Beneficial Owner Account No. is mentioned.

The Participant shall specify the name of the depository in which the client has a beneficial owner account.

Valid values are: -

NSDL

CDSL

 

Beneficial Owner Account No.

CHAR (16)

Optional / Mandatory

Beneficial Owner Account No. is mandatory if Ration Card Details or Depository ID or Depository Name is mentioned.

 

Any other Account with the same Participant for any of family members/associate

CHAR (1)

Optional

Valid values are:

Y - if the client has family members with the same Participant.

N - if there are no family members/associates of the client with the same Participant

 

Settlement Mode for other account of family members / associate

CHAR (1)

Optional

Valid values are:

I - separate/independent of other family members/associate

J - joint.

 

Client with any other Participant

CHAR (1)

Optional

Valid values are:

Y - client has an account with another Participant

N - client does not have an account with another Participant

 

Unique Client Code (UCC) allotted by NSCCL/BSE

CHAR (10)

Optional / Mandatory

For all institutional clients (that is FIIs, Mutual Funds, Domestic Financial Institutions, Banks, Insurance Companies etc), Participants have to mandatorily upload Unique Client Code (UCC) allotted by NSCCL/BSE alongwith PAN.

 

The first 6 characters of this field will be alphabets and next 4 would be numbers.

Flag

CHAR(1)

Mandatory

Valid value E to denote end of record

 

 

 

ANNEXURE 5

 

File structure of the response file indicating the status of upload

 

File name :  Participant Code_SLB_YYYYMMDD.Snn or Participant Code_SLB_YYYYMMDD.Rnn.

 

Control Record Format:

Field

Record Type

Participant Type

Participant Code

Date            

Batch Number

Total No. of Records

Rejection denoted by ‘R’ (in case the complete file has got rejected)

Error code in case of Rejection

 

Detail Record Format:

Segment

Client Code

Mapin ID

Pan Details.

Ward No.

Passport No.

Issue Place of Passport No.

Issue Date of Passport No.

Driving License No.

Issue Place of Driving License No.

Issue Date of Driving License No.

Voter ID No.

Issue Place of Voter ID No.

Issue Date of Voter ID No.

Ration Card No.

Issue Place of Ration Card No.

Issue Date of Ration Card No.

Registration No. of Client

Registering Authority

Place of Registration

Date of Registration

Client Name

Category

Client Address

Pin code

Telephone Number

Date of Birth / Date of Incorporation

Client Agreement Date

Introducers Name

Relationship With the Introducer

Introducer’s Client ID

Bank Name

Bank Branch Address

Bank Account Type

Bank Account No.

Depository ID

Depository Name

Beneficial Owner Account No.

Any other Account with the same Participants for any of family members/associate

Settlement Mode for other account of family members / associate

Client with any other Participant

Unique Client Code (UCC) allotted by NSCCL/BSE

Flag denoting end of the record

Success/ Rejection denoted by “S” or “R”

Error code in case of Rejection

 

ANNEXURE 6

 

File structure of the file containing Unique IDs allotted by NSCCL

File name:  Participant_SLB_UNIQUEID_YYYYMMDD.LST

 

Field

Participant Code

Client Code

Client Name

PAN

UCC  allotted by NSCCL/BSE

Unique ID (to be used for order entry)