IND NSE Pilot Launch, Securities Payout

Published on: Feb 19, 2025

On Feb. 14, IND NSE updated on payout of securities to client account.

  • IND NSE, CSDL said the pilot launch of direct payout of securities to client's demat accounts will commence Feb. 25, 2025 to enhance operational efficiency, reduce risk.
  • Outlines implementation schedule, applicability, auction for internal shortage, valuation amount for internal shortage, and reports for auction for internal shortage.
  • Follows IND NSE Nov. 2024 did an exercise to validate demat details, #232770.
  • Feb. 2025 IND NSD Circular
  • On Feb. 17, 2025, IND NSD issued a circular on pilot launch for certain market types.
Regulators
IND CDSL; IND NSD; IND NSE
Entity Types
B/D; Depo; Exch
Reference
Cir NSDL/POLICY/2025/0021, 2/17/2025; Cir NCL/CMPT/66688, NCL/CMPT/66689, CDSL/OPS/DP/GENRL/2025/110, 2/14/2025
Functions
Client Money; Compliance; Financial; Operations; Risk; Settlement; Trading; Treasury
Countries
India
Category
State
N/A
Products
Clearing; Custody; Securities
Rule Type
Final
Regions
AP
Rule Date
Feb 14, 2025
Effective Date
Feb 25, 2025
Rule ID
243913
Linked to
Reg. Last Update
Feb 17, 2025
Report Section
International