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

Mr. Gupta wants to convert his demat holdings back into physical certificates. Which process is this and who submits the request?

This is rematerialisation. The client submits a Rematerialisation Request Form to the DP, which verifies it and sends the request through the depository to the issuer or RTA. The issuer then prints and dispatches physical certificates and the electronic holding is extinguished.

  1. ARemat; the client submits a Rematerialisation Request Form to the DP, who forwards it to the issuer or RTA via the depositoryCorrect
  2. BDemat; the issuer submits the request to the depository
  3. CRemat; the stock exchange submits it to the clearing corporation
  4. DPledge; the client submits it to the bank

Explanation

Rematerialisation converts electronic holdings into physical certificates. The client submits a Rematerialisation Request Form to the DP, who verifies it, debits the account after the request is made, and sends it electronically to the issuer/RTA, who prints the certificates.

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