Maintenance of Depository Account
The Clearing Members shall maintain a beneficiary (DEMAT) account with a Depository Participant of the depositories, National Securities Depository Ltd (NSDL) or Central Depository Services Ltd (CDSL) for the purpose of providing collaterals towards Repo deals or for any other purpose as the relevant authority may specify from time to time.
Clearing members shall intimate the details of the DEMAT account to Clearing Corporation as per the format provided in Annexure B
Clearing Members are required to transfer securities towards collateral requirement to the below mentioned account of Clearing Corporation for participating in Repo deals.
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