Depository Participant

• * Facilitate the opening of Demat accounts for investors.
• * Collect the necessary documentation and information from investors to open these accounts.

Dematerialization:

• * Convert physical share certificates into electronic or dematerialized form.
• * Receiving physical certificates from investors and converting them into electronic form, thereby facilitating easy trading and transfer of securities.

Rematerialization :

• * Facilitate the conversion of electronic securities into physical form when required by the investor.

Documentation:

• * Require to submit various documents as part of the registration process, including a business plan, organizational structure, compliance manuals, and other relevant documents.

Safekeeping of Securities:

• * Responsible for the safekeeping of securities held in Demat accounts.
• * Maintain electronic records of securities held by investors, ensuring the integrity and security of these holdings.

Settlement of Trades:

• * Play a crucial role in the settlement of trades executed on stock exchanges.
• * They facilitate the transfer of securities between buyers and sellers during the settlement process.

Corporate Actions:
1 Handle various corporate actions on behalf of investors, such as dividend payments, bonus issues, rights issues, and other corporate events.
2 Ensure that investors receive their entitlements in a timely manner.
Investor Services:
1 Provide various investor services, including account statements, transaction statements, holding statements, and other relevant information.
2 They also assist investors with queries and grievances related to their demat accounts.
KYC Compliance:
1 Responsible for ensuring Know Your Customer (KYC) compliance for all demat account holders.
2 Collect and verify KYC documents as per regulatory requirements.
Reporting to Depositories:
1 Report transactions and account details to the respective securities depositories regularly.
2 This ensures proper record-keeping and regulatory compliance.
Pledge and Hypothecation of Assets:
1 A depository participant is responsible for the hypothecation of securities.
Here are some common requirements typically observed:
Experience:
1 The incumbent must carry 2-5 years of experience in the securities industry as Broker, custodian or other financial intermediary.
2 Familiarity with DP secure back office Software, including Payin/Payout of Securities.
3 Handling CDAS system, DP billing, BO updates independently.
4 Resolve queries raised by the RM/ AP/ RMS/ Clients.
Certification
NISM Series VI-Depository Operations
Key Skills:
1. Regulatory Compliance
2. Knowledge of Securities
3. Technology Proficiency
4. Risk Management
5. Customer Service
6. Attention to Detail
7. Communication Skills
8. Problem-Solving