NISM Certifications · NISM-Series-VI: Depository Operations · Functions of Depository Participant - Dematerialisation
Ms. Fernandes wants to convert her demat holdings of a listed company back into physical certificates. Which term describes this process?
The process is rematerialisation, where electronic securities in a demat account are converted back into physical certificates. The client applies to the DP using a Rematerialisation Request Form, and the issuer then prints and dispatches the certificates.
- ARematerialisationCorrect
- BDematerialisation
- CImmobilisation
- DTransmission
Explanation
Converting electronic holdings back to physical certificates is rematerialisation, requested by a Rematerialisation Request Form (RRF) to the DP. Dematerialisation is the opposite, immobilisation refers to holding certificates in custody, and transmission is transfer on death or similar events.
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