NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Dematerialisation
Mrs. Leela Menon wants to convert her demat holdings back into physical certificates. Which term describes this process and which form does she submit?
The process is rematerialisation, and the investor submits a Rematerialisation Request Form (RRF) to the DP. The request goes through the depository to the issuer, who issues physical certificates. The Dematerialisation Request Form is used only for converting physical shares into electronic form.
- ARematerialisation; Rematerialisation Request Form (RRF)Correct
- BDematerialisation; Dematerialisation Request Form (DRF)
- CImmobilisation; Transfer Form
- DRematerialisation; Delivery Instruction Slip
Explanation
Converting electronic holdings into physical certificates is rematerialisation, requested through a Rematerialisation Request Form submitted to the DP. The DP then processes it via the depository to the issuer, who prints and dispatches the certificates. DRF is used for the opposite direction.
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