Depositary Participant (DP)
SCL received the registration certificate from Securities Board of Nepal (SEBON) on 22 April 2013, to function as Depository Participant (DP) of central securities depository, and received membership from the CDS and Clearing Limited on 24 May 2013. Our market leading position and satisfied customer confirms our unparalleled dedication and expertise to serve the Nepalese capital market and its participants. We have been offering our clienteles with online access to their de-mat accounts to facilitate viewing their account statements and statuses through the web portal-Dpconnect.
As a Depository Participant, SCL shall provide the following services to the securities investors;
1: Open de-mat account of securities investors as a beneficial owner (BO)
2: De-materialization of securities held by the beneficial owner (BO),
3: Re-materialization of securities
4: Maintain record of securities in the electronic form
5: Settlement trades by transferring/receiving the securities from/in BO accounts,
6: Settlement of off-market trades that is occurred between BOs outside NEPSE
7: Provide electronic credit of securities allotted by issuers during IPOs
8: Deposit the non financial corporate benefits (such as: bonus, right shares, etc.) issued by issuers in the de-mat account of BOs
9: Facilitate in pledging of dematerialized securities
10: Others as allowed by laws and regulations in regard to securities depository.
All of the above services can be availed from any branches of Siddhartha Bank Limited across the country.