About Us Online Trading Our Services NRI Institutional Broking Equity and Derivatives Depository Services Currency Derivative Commodity PMS Insurance Market Equity Commodity Derivatives IPO Mutual Fund Commodity RESEARCH MEDIA PARTNER US LOCATE US   FAQ Note Introduction Service Depository Services Benefits with Satco Advantage Satco To open an account Basic requirement Dematerialisation Rematerialisation FAQ Note A depository is a bank of securities as it holds securities such as shares, debentures, bonds, Govt. securities, units etc. of investors in electronic forms. We have always been driven by a desire to create values for our customers- First Approach, ethical and transparent business practices, reverence for professionalism and implementation of cutting edge technology. We strive to provide with the best services and make our clients life as simple as possible. Click here to view RBI's regulations for NRI Investors. Click here to view the list of Scrips Banned for trading for NRI / PIO clients. [ Attached file RBI } NRI Helpdesk : Call: (022) 2645 6677 Email: nri@satco.co.in With business expertise and experience of our 2 decades, we have established system to service you for holding your dematerialized securities and transfer of it as per your instruction, dematerialization of physical securities, instruction execution, providing you holding and transaction information through our website, etc. With trading account registered under our company, we also offer you automated share pay-in facility for trade done through that trading account. Scheme to suit your investment profile with three tariff plan – for beginners, passive investor and active investor. Apart from web enable reports, annual transaction reports are printed and sent to you at your correspondence address. Please Note: In respect to the above subject, we would like to inform you that at the time of opening an NRI/FN (Foreign National) Account, all photocopies of documents collected have to be attested by the Indian Embassy/Consulate General/Notary Public/Any Court/Magistrate/Judge/Local Banker, in the country where the NRI/FN resides. The Attesting Authority must affix a verified with originals stamped, on all documents submitted for Account opening and the same should be self-attested by the NRI/FN. If the NRI/FN comes in person to open the account, the above attestation requirement is not applicable. Online Trading is available only to NRIs residing in jurisdictions permitting investments and trading of ‘Indian’ securities on Indian Stock Exchanges. This service is not available to any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where availing of such services would be contrary to any applicable law or regulation or which would subject IDBI Bank Limited, IDBI Capital Market Services Limited and any of their respective affiliates or group companies to any registration or licensing requirement within such jurisdiction. Availability of this service to NRIs is subject to compliance with procedural formalities as prescribed by IDBI Capital Market Services Limited from time to time. (including EASI forms, DIS request, Demat/Remat request, Modification & Closure form) Pending- Attach scan copy formats CDSL Website : ww.cdslindia.com NSDL Website : www.nsdlindia.com To start dealing in securities in electronic form, one needs to open a demat account with a DP. Dematerialisation is the process of converting physical shares (share certificates) into an electronic form. Shares once converted into dematerialised form are held in a Demat account. Dematerialisation Process An investor having securities in physical form must get them dematerialised, if he intends to sell them. This requires the investor to fill a Demat Request Form (DRF) which is available with every DP and submit the same along with the physical certificates. Every security has an ISIN (International Securities Identification Number). If there is more than one security than the equal number of DRFs has to be filled in. The whole process goes on in the following manner. THINGS INVESTORS SHOULD KNOW ABOUT ACCOUNT OPENING AND DEMATERIALISATION roviding the bank account details at the time of account openingP The interest and dividend warrants can't be en-cashed by any unauthorized person, as the bank account number is mentioned on it. It is convenient and time saving, as dividends and interests given by the companies can be directly credited to the investor's bank account (through ECS facility, wherever available). Change in bank account details It is possible for an investor to make changes to the details of his bank account. The investor must inform any change in his bank account details to his DP. This enables him to receive the cash corporate benefits (such as dividends, interests) directly into his account in time and discourages any unauthorized use by any second party. Change in the address of investor as provided to the DP Any change in your address should be immediately informed to DP. This enables DP to make necessary changes in the records and informing the concerned companies about the same. Opening multiple accounts An investor is allowed to open more than one account with existing DP or with different DPs. Minimum balance of securities required in demat account There is no stipulated minimum balance of securities to be kept in a demat account. Account opening and ownership pattern of securities One must make sure to open a demat account in the same ownership pattern in which the physical securities are held. For example: If you have two share certificates, one in your individual name (say 'X') and the other held jointly with some other individual (say 'XY'), then in such a case you will have to open two different accounts in respective ownership patterns (one in your name i.e. 'X' and the other account in the name of 'XY'). Same combination of names on certificates but different sequence of names on the certificates or demat account In such cases, client has to fill up transposition form (attach scan copy) along with DRF. Holding a join account on "Either or Survivor" basis like a bank account No investor can open a demat account on "E or S" basis like a bank account. Allowing somebody else to operate your Demat account It is possible for an account holder (Beneficiary Owner) to authorize some other person to operate the demat account on his behalf by executing a power of attorney. After submitting the power of attorney to the DP, that person can operate the account on behalf of the beneficiary owner (BO).Addition/deletion of the names of the account holders after opening the account It is not possible to make changes in the names of the account holders of a BO account. A new account has to be opened in a desired holding/ownership pattern. Closing a demat account and transfer of securities to another account with same or different DP An investor, if he wants, can also close his demat account with one DP and transfer all the securities to another account with existing or a different DP. Freezing/Locking a demat account The account holder can freeze his demat account for a desired time period. A frozen account prevents securities to be transferred out of (Debit) and transferred into (Credit) the account. Dematerialised shares do not have any distinctive number Dematerialised securities are fungible assets. Therefore they are interchangeable and identical. Dematerialization Process 1 . Investor surrenders the physical certificates to the DP for dematerialisation 2 . DP informs the Depository about the request 3 . DP submits the certificates to the registrar of the Issuer Company 4 . Registrar communicates with the Depository to confirm the request 5 . Dematerialisation of the certificates is done by the registrar 6 . Accounts are updated by the Registrar and the depository is informed about the completion of dematerialisation 7 . Accounts are updated by the Depository and DP is informed about the same 8 . Demat account of the investor is updated Dematerialised shares do not have any distinctive number Dematerialization Process 1 . Investor surrenders the physical certificates to the DP for dematerialisation 2 . DP informs the Depository about the request 3 . DP submits the certificates to the registrar of the Issuer Company 4 . Registrar communicates with the Depository to confirm the request 5 . Dematerialisation of the certificates is done by the registrar 6 . Accounts are updated by the Registrar and the depository is informed about the completion of dematerialisation 7 . Accounts are updated by the Depository and DP is informed about the same 8 . Demat account of the investor is updated The process of getting the securities in an electronic form, converted back into the physical form is known as Rematerialisation. An investor can rematerialise his shares by filling in a Remat Request Form (RRF). The whole process goes on as follows: Rematerialisation Process 1 . Investor makes a request for rematerialisation to the DP 2 . DP informs the Depository about the request 3 . Depository confirms the request to the registrar of the Issuer Company 4 . Registrar updates accounts and prints certificates for the investor 5 . Accounts are updated by the Depository and details are provided to the DP 6 . Investor receives the certificates from the registrar Depository - An organization that facilitates holding of securities in the electronic form and enables DPs to provide services to investors relating to transaction in securities. There are two depositories in India, namely NSDL and CDSL. As per a SEBI guideline, the minimum net worth stipulated for a depository is Rs.100 crore. DP (Depository Participant)- A Depository Participant can be a financial organization like banks, brokers, financial institutions, custodians, etc., acting as an agent of the Depository to make its services available to the investors. Documents to be attached Passport size photographs- 2 Proof of residence (POR) - Any one of Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Bank letter duly attested by banker/ Flat maintenance bill (on the letterhead of the society)/ Rent agreement (duly stamped and registered)/ Identity card issued by employer (Government/ Semi-Government/ PSU) Proof of photo identity (POI) - Any one of Passport copy / Photo Driving License with DOB / Voters ID Card / PAN Card / Photo Ration Card with DOB PAN card >Note : The agreement required to be signed by the investor details the rights and duties of the investor and DP. Maximum Number of holders in a Demat Account A maximum of three persons are allowed to open a joint demat account in their names. Advantage of maintaining a depository account of SATCO: As an investor you will enjoy countless benefits if you buy and sell shares in the depository mode. The following are some of the advantages & benefits you will enjoy especially with Satco: You will never have to worry about bad deliveries. No risk of loss, mutilation or theft of share certificate. You no longer have to pay stamp duty for transfer of shares. Everything is in electronic form which reduces paper work and saves time. Fast settlement cycles. You can purchase, hold and sell shares in electronic form. Increase in liquidity of your securities because of faster transfer and registration of securities in your account. Instant disbursement of non-cash benefits such as bonus, right-issues, etc. Regular account status updates. Economical and competitive DEMAT charges with attractive schemes like lifetime free AMC (Annual account maintenance charges). A safe and convenient way of holding securities (equity and debt instruments both). Transactions involving physical securities are costlier than those involving dematerialised securities (just like the transactions through a bank teller are costlier than ATM transactions). Therefore, charges applicable to an investor are lesser for each transaction. Securities can be transferred at an instruction immediately. Risks like forgery, thefts, bad delivery, delays in transfer etc, associated with physical certificates, are eliminated. Pledging of securities in a short period of time. Reduced paper work and transaction cost. Nomination facility available. Any change in address or bank account details can be electronically intimated to all companies in which investor holds any securities, without having to inform each of them separately. Securities are transferred by the DP itself, so no need to correspond with the companies. Shares arising out of bonus, split, consolidation, merger etc. are automatically credited into the demat account of the investor. Shares allotted in public issues are directly credited into demat account of the applicants in quick time. Satco offering a multitude of services under one roof also includes unparalleled Depository Services. Satco. is a registered member / Depository Participant of both CDSL (Central Depository Services Ltd.) and NSDL (National Securities Depository Ltd.), thus giving you the option to not only choose your depository services but also the opportunity of trading at one place. It is our commitment to design the best investment alternatives and products for you! And as one of the top Depository Participant's, we offer you the most secure, convenient and hassle-free DEMAT Accounts at the most economical rates. When it comes to unmatched services, Satco is the way to go    What is a Depository? A depository is a system where securities (like shares, debentures, bonds, government securities, mutual fund units etc) of an investor are held in electronic form. A depository can be compared to a bank. An investor has to open an account with the Depository through a depository participant, just as he opens an account with the bank. In India, there are two Depositories, namely Central Depository Services Ltd (CDSL) and National Securities Depository Ltd. (NSDL).      What is a Depository Participant? A Depository Participant (DP) is an agent appointed by the Depository who is authorized to offer depository services to all investors. They are the intermediaries between the depository and the investors. An investor cannot directly open a DEMAT account with the depository. The DP opens the account with the Depository and takes up the responsibility of maintaining the account and updating them as per the instructions given by the investor from time to time. On expiry, futures can be settled by delivery of the underlying asset or cash. Cash settlement enables the settlement of obligations arising out of the future/option contract in cash.However so far delivery against future contracts have not been introduced and the future contract is settled by cash settlement only.      Who is Beneficiary owner? The person who holds the DEMAT account is the beneficiary owner. In case of a joint account, the account holders will be the beneficiary holders of that joint account.      What is BO ID? The DEMAT account number of the beneficiary owner (s) is known as the BO ID.     What is DP ID? The number of the depository participant allotted by the depository is known as the DP ID.      How can I keep a track of my share portfolio? Once your account is activated you will receive your Login ID and Password. You have to log in through this site (Link) for CDSL and (Link) for NSDL to view your Portfolio details.      What are the services that depositories provide? Dematerialization i.e. converting physical holdings into electronic form. There's no stamp duty on transfer of securities. What's more, we take just 3 to 4 weeks to Dematerialize your shares. Rematerialisation i.e. conversion of your electronic securities into physical share certificates. Facilitating repurchase / redemption of units of mutual funds. Electronic settlement of trades in stock exchanges. Pledging / hypothecation of Dematerialized securities against loan. This process is also much faster than in the case of physical shares. Electronic credit of securities allotted in public and rights issue. Receipt of non-cash corporate benefits such as bonus in electronic form. Freezing or locking of DEMAT accounts, so that the debits from the account are not permitted. Nomination facility for DEMAT accounts. Transfer of shares and settlements. Services related to change of address. Effecting transmission of securities. Other facilities viz. holding debt instruments in the same account, availing stock, lending / borrowing facility, etc.     What is the distinction between NRE and NRO accounts? Funds remitted from abroad or local funds, which can otherwise be remitted abroad to the account holder, can be credited to NRE Accounts. Local funds, which do not qualify for remittance outside India, are required to be credited to NRO accounts.      Eligibility      Is it is necessary to open account with both CDSL and NSDL? Account need to be open with both CDSL and NSDL because Inter-depository transfer is not allowed in commodities.     Who are eligible for opening a commodity trading account? Any individual, Hindu undivided family (HUF), proprietary firm, partnership firm or a company can open a commodity trading account.      Can a NRI, Mutual Fund Bank (MFB) or Foreign Institutional Investor (FII) trade in commodities in       India? Till now NRI’s, MFB’s and FII’s as well as Hedge Funds, Insurers, Momentum Funds, etc – no one is allowed to trade in commodities in India but in the future, the entry of these big players will lead the Commodity market to new heights. -     Is it an advantage to trade in National level exchanges against Regional exchanges? It is always advisable to trade on national level of exchanges as it has unique features.      What is the difference between Spot and Future price? Spot price is the price in the cash market (where one buys and sells goods ‘on the spot’ just as we make purchases from a shop by paying cash) while future prices are prices of the same commodity at a future date which is generally traded through exchange platforms.     Is it possible for one to give / take delivery through future market? Yes, it is possible.     Is physical delivery compulsory? No, delivery is optional. It is only when the seller puts in the intention to deliver that delivery takes place. Otherwise all contracts are cash settled or contracts are pre-specified about delivery nature for a particular Commodity.     What is the delivery procedure? The details of delivery procedure for each commodity are available with the contract specifications of each commodity.     What is Futures Contract? A derivative instrument, Futures is a type of forward contract. Futures are contracts to sell / buy standardized financial instruments or commodities on a specified future date at an agreed price. Futures contracts are used generally for protecting against adverse price fluctuation.     How is Future Prices Determined? Futures prices evolve from the interaction of bids and offers emanating from all over the country – which converge in the trading floor or the trading engine.     What are Margins? The aim of margin money is to minimize the risk of default by either counter party. The Exchanges fix rates of ordinary / initial margin keeping in view need to balance high security of contract and low cost of entering into contract.     What is the difference between Equity Futures and Commodity Futures? In equity futures the underlying asset is the equity share of any company whereas in commodity futures the underlying asset is the commodity itself.     What are the charges to trade in Commodity Futures? As of today, the charges to trade in Commodity Futures include Stamp Duty, Turn Over Charges and Service Tax.     Is options trading in commodities allowed? No, options trading in commodities are not allowed yet but in future it might be introduced.     How would the contracts be settled?? All open contracts not intended for delivery and non deliverable positions at client level would be cash settled.     Can one short sell the commodity without having physical goods / holdings in their Demat account? Yes, as this is the Derivatives contract, you can short sell without having possession of that commodity.     Is there any limit to which price of a commodity can rise or fall in a day? Yes, there are circuit limits or daily price range (DPR) to safeguard the interests of general investors from the extreme volatilities in markets for preventing any unexpected fall or rise beyond a limit.      Is there any limit to the quantity I can trade / hold in any given commodity at any point of time? Yes, there is a maximum permissible limit on holding a particular commodity for client as well as member. It varies from commodity to commodity and exchange to exchange.      Will I receive trade confirmation? Yes, you will receive contract notes for your trades. Further, your dealer / relationship manager will update you accordingly.      How do I know which quality is being traded in futures as Commodities have many qualities? The quality specification of each commodity is mentioned in the contract before it is launched, so it is always advisable to go through the details as given by exchanges.     Is Sales Tax applicable on all trades? If the trade is squared off sales tax is not applicable. Sales tax is applicable only if a trade results into delivery for the seller.     What is collateral? In case of broking business, collateral is any permissible financial instrument pledged as a guarantee for margin requirements.     Can I trade in international exchanges? FMC does not allow trading in the International Exchanges hence we are not providing this service as of now. As and when the regulators permit we will provide the servic     What is a spread position? Going long and short consecutively in two different contracts of the same commodity is known as a spread position.     What is tick size? Gold has tick size of Rs. 1 this means you have to increase / decrease the bid / ask price by at least Rs. 1. Hence, the minimum price movement of any contract is known as the tick size.      I do not want to give/take physical Delivery; will I be allowed to Trade in commodities? Yes, you can trade in commodities even without having obligation/liability of give/take physical delivery. The only condition is that that you will have to Square off your trade before the Expiry of the contract.

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