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NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Dematerialisation

Mr. Anil Deshmukh wants to convert his electronic holdings back into physical certificates. Which process does he need to initiate with his DP?

He needs to initiate rematerialisation, the reverse of dematerialisation, by submitting a rematerialisation request to his DP. The electronic balance is debited and physical certificates are issued by the issuer. Immobilisation and transmission are different concepts and do not convert holdings to paper.

  1. ARematerialisationCorrect
  2. BDematerialisation
  3. CImmobilisation
  4. DTransmission

Explanation

Rematerialisation is the reverse of dematerialisation, converting electronic holdings back into physical certificates on a Rematerialisation Request Form submitted to the DP. Immobilisation refers to holding physical securities in custody, and transmission concerns transfer on death.

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