Custodians

Custodians are clearing members but not trading members. They settle trades on behalf of their clients that are executed through other trading members. A trading member may assign a particular trade to a custodian for settlement. The custodian is required to confirm whether he is going to settle that trade or not. If the custodian confirms the trade, NSE Clearing assigns the obligation to the custodian. If the custodian rejects the trade, the obligation is assigned back to the trading member.

Custodians Clearing members are required to request Clearing Corporation for allotment of Custodian Participant (CP) code for the clients for which they wish to clear and settle. The request has to be made along-with documentation for the said purpose like SEBI registration number, PAN number etc. depending on the category of the client.

Contact Details of Custodians

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Axis Bank Ltd

BNP Paribas

Citibank N.A.

DBS Bank Ltd

Deutsche Bank A.G.

Edelweiss Custodial Services Ltd.

HDFC Bank Ltd.

Hong Kong & Shanghai Banking Corporation Ltd.

ICICI Bank Ltd.

Infrastructure Leasing & Financial Services Ltd.

ILRTL

J P Morgan Chase

Kotak Mahindra Bank

Orbis Financial Corporation Ltd

Standard Chartered Bank

State Bank of India

Stock Holding Corporation of India Ltd.

SHRTL

SBI-SG GLOBAL SECURITIES SERVICES LTD.

Yes Bank LTD

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The higher the Percent of Deliverable Quantity to Traded Quantity the better - it indicates that most buyers are expecting the price of the share to go up.

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