Axis Bank is a SEBI registered custodian under the SEBI (Custodian of Securities) Regulations, 1996 and a Depository Participant (DP) offering demat services to the Foreign and Domestic institutions, Provident Funds, Mutual Funds, Insurance Companies, Banks, Venture Capital Funds, Private Equity Funds, Corporate Customers, Brokers, Retail and High Net-worth Individuals. As a custodian, Axis Bank offers full range of Custodial Services for primary and secondary market operations pertaining to debt, equity and money market instruments.
Services as a Custodian
As a custodian, Axis Bank offers its expertise in the area of Trade Settlement, Safe Keeping, Benefit Collection, Reporting and Accounting.
Trade Settlement
Settlement of trades in equity and debt segment through Clearing House as well as Delivery Versus Payment (DVP).
Settlement of trades for Money Market Instruments.
Processing of applications for subscriptions in primary market.
Processing of applications for subscriptions in respect of Rights Issue, Buy Back & Open Offers, etc.
Submission of Reports as per requirement.
Benefit Monitoring & Collection
Recording details of the corporate benefits declared by the various companies
Calculation of entitlement benefits
Collection of benefits on due date
Reconciliation of benefits collected with the entitlement
Follow up for any shortfall in receipt of benefits
Safe Keeping
Safekeeping of securities held in the physical form as well as demat form
Dematerialisation of Securities held in the physical form
Reconciliation of Stocks and Funds
Reporting & MIS
Holding Statement
Report on Saleable Securities
Report on Forthcoming Corporate Actions
Report on Benefit Collection
Report on receipt of securities and funds received in pay out
