NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Dematerialisation
Mrs. Nair wants to convert her demat holdings back into physical certificates. Which process does she request through her DP?
The process is rematerialisation. The investor submits a remat request form to the DP, which sends it via the depository to the issuer or its RTA, who prints and issues physical certificates and the electronic balance is debited accordingly.
- ARematerialisationCorrect
- BImmobilisation
- CTransmission
- DPledge invocation
Explanation
Rematerialisation is the process of converting electronic holdings back into physical certificates. The investor submits a Remat Request Form to the DP, which routes it through the depository to the issuer or RTA. Immobilisation refers to holding physical certificates in a depository, transmission is a transfer on death, and pledge invocation is a lender's action.
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