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NSDL-Depository Operations-Module in the NCFM goes live on May 10, 1999

NSDL's certification program titled "NSDL-Depository Operations-Module" will be going live on May 10, 1999. The module will fulfill the twin objectives of serving as a benchmark for proficiency in depository operations and creating a pool of qualified personnel which the industry can draw on. In the near future, NSDL will mandate that each branch of its depository participants must have atleast one employee who has successfully cleared the certification program.

The program is being launched using the NCFM infrastructure of the NSE which has already demonstrated its utility and popularity through the derivatives module. Although the emphasis of the program is on the business partners of NSDL specially the depository participants, there are no restrictions of age or qualifications for participating in the certification program. All one needs to do is to register for the NCFM and thereafter, enroll for the NSDL-Depository Operations-Module. Details may be obtained by writing to NSDL/ NCFM or from the websites of NSDL/ NSE.

May 6, 1999

NEST = * National Electronic Settlement and Transfer

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