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NSDL has been shifting depository operations to its Disaster Recovery Site (DRS) to verify its capability to continue operations in case of a disaster. Since the time of a disaster cannot be predicted, NSDL has been conducting this exercise from DRS at different time slots. In the past, when this exercise was first conducted the production had been shifted to the DRS after the End of Day (EOD) process was over and before the Beginning of Day (BOD) process had started so that regular operations do not get hampered. Subsequently,the shifting of production to DRS was also carried out several times on intra-day basis after the BOD process,but during early hours of the day. In October 2009, NSDL successfully carried out a more critical exercise by shifting the depository operations to DRS in the middle of the settlement time i.e. between pay-in and payout.

As a part of NSDL's continued commitment to deliver cost effective services to its clients, NSDL has launched a facility called SIMPLE (Submission of Instruction through Mobile Phone Login Easily) which enable the password based users of SPEED-e facility to submit instructions on SPEED-e website through their mobile phones.

Salient features of SIMPLE are as follows:

• This facility will be available for password based users (hereinafter referred as Users) of SPEED-e facility.
• Users can submit Client to Clearing Member Pool Account transfer instructions on SPEED-e website through their mobile phones.
• Mobile phones of the Users with GPRS facility can be used for accessing SPEED-e website.

Further details about this are mentioned in Circular No. NSDL/POLICY/SPEED-e/2009/0012 dated October 23, 2009 issued to Participants and the same is posted on NSDL website www.nsdl.co.in.

Reserve Bank of India (RBI) has introduced a new variant of Electronic Clearing System (ECS) called National Electronic Clearing Services (NECS) which aims to centralize the ECS operation and bring in uniformity and efficiency to the system. RBI has informed that with effect from January 1, 2010 necessary validations will be built into the ECS/NECS process flow to ensure that instructions with old/legacy account numbers are rejected at the ECS centre level itself. RBI has advised member banks participating in ECS/NECS to initiate necessary steps to update the old information pertaining to customer account numbers by December 31, 2009.

In view of the aforesaid, NSDL has advised its Participants to inform their Clients to provide new bank account numbers in case of change in the existing bank account numbers to ensure that instructions of ECS/NECS are not rejected on account of old/legacy account numbers.

This has been informed to Participants vide Circular No. NSDL/POLICY/2009/0091 dated October 5, 2009.

NSDL conducts training and certification programmes for Participants to increase the availability of trained personnel for depository operations. In October 2009, such programmes were conducted in Amritsar,Aurangabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Hyderabad, Jaipur, Jaysingpur,Kochi, Kolkata, Lucknow, Madurai, Mangalore, Mumbai, Nagpur, New Delhi, Pathankot, Patna, Pune, Rajkot,Tharjuvar, Tirunelveli and Trivandrum.

In October 2009, Amrapali Capital and Finance Services Ltd (DP ID IN303760) was made operational as a Participant of NSDL. It will conduct its depository operations from Ahmedabad. This takes the total number of operational Participants to 284 and the total number of DPM set-ups to 359.

Three more Participants have subscribed to the SPEED-e facility:

• Ashika Stock Broking Limited (IN303591)
• Bank of Baroda (IN300870)
• The Saraswat Co-Operative Bank Limited (IN300829)

Clients of the above mentioned Participants can now avail of the facility of submitting various instructions through SPEED-e facility.

This takes the total number of Participants who have subscribed to SPEED-e to 89.