National Securities Depository Limited
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Statistics

November 30, 2018

arraw Investor Accounts - 1,79,47,363
arraw DP Service Centres - 30,761
arraw Demat Custody Value - 175.85
(₹ Lakh Crore)(US$ 2,520 billion)
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NATIONAL SECURITIES DEPOSITORY LIMITED

Electronic settlement facility established by NSDL helped not only in the removal of existing inefficiencies in the settlement system but also provided a basis for further reforms. On the strength of efficiency in settlement system brought about by NSDL, the seven day account period settlement was moved into T+5 settlement cycle and further to T+3. SEBI has already announced its plans for changing the settlement cycle to T+2 and further to T+1. It is necessary to automate the processing of contract notes and the communication between brokers, fund managers and custodians as a first step in the market's move to shorter settlement cycles. NSDL is the first service provider to set up such a facility. This facility is called STeADY (Securities Trading Information easy Access and DeliverY).

STeADY is a facility which enables the brokers to deliver/submit contract notes to custodians / fund managers electronically by transmitting digitally signed trade information with encryption. It further enables fund managers to enrich the contract note and convert it into instructions for the custodian.

STeADY facility of NSDL was inaugurated by Shri G.N. Bajpai, Chairman, SEBI at a function held at Oberoi Towers on November 30, 2002.

Need for straight through processing facility like STEADY is well demonstrated by the fact that at the time of inauguration 8 custodians, 11 mutual funds and 16 brokers have joined NSDL to avail the benefits of the STEADY facility.

  • ABN Amro Bank N.V
  • Citibank N.A
  • Deutsche Bank
  • HDFC Bank Limited
  • ICICI Bank Limited
  • Standard Chartered Bank
  • Stock Holding Corporation of India Limited
  • The Hongkong and Shanghai Banking Corporation Limited
  • Birla Mutual Fund
  • GIC Mutual Fund
  • HDFC Mutual Fund
  • IL&FS Mutual Fund
  • J.M Mutual Fund
  • Kotak Mahindra Mutual Fund
  • Morgan Stanley Mutual Fund
  • Prudential ICICI Mutual Fund
  • Sundaram Mutual Fund
  • Sun F & C Mutual Fund
  • Templeton Mutual Fund
  • Aarnik Securities Private Limited
  • ABN AMRO Asia Equities (India) Limited
  • Geojit Securities Limited
  • HDFC Securities Limited
  • HSBC Securities and Capital Markets (India) Private Limited
  • IDBI Capital Market Services Limited
  • Indsec Securities and Finance Limited
  • JM Morgan Stanley Retail Services Private Limited
  • JM Morgan Stanley Securities Private Limited
  • Joindre Capital Services Limited
  • JP Morgan India Private Limited
  • K.G. Vora Securities Limited
  • Karvy Stock Broking Limited
  • Kotak Securities Limited
  • Reliance Share and Stock Brokers Limited
  • S. S. Kantilal Ishwarlal Securities Private Limited

Mumbai
November 30, 2002