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प्रश्न
Explain the following term/concept.
Fungibility
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उत्तर
In financial terms, fungibility means the state of being interchangeable. The securities held in Demat/electronic forms are fungible. They are interchangeable, substitutable, and cannot be distinguished from each other. Securities bear no notable features like a distinctive number, certificate number, or folio number.
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संबंधित प्रश्न
Dematerialisation and Rematerialisation
Select the correct answer from the options given below and rewrite the statement.
______ is a unique code given to a security.
______ has to apply for ISIN.
Write a word or a term or a phrase which can substitute the following statement.
This process converts securities into electronic form from physical form.
Write a word or a term or a phrase which can substitute the following statement.
This process converts securities into physical form from electronic form.
Select the correct option for the following.
____________ ISIN.
Answer in one sentence.
What is Rematerialisation?
Answer in one sentence.
What is ISIN?
Correct the underlined word and rewrite the following sentence.
ISIN is a code given to a company.
Correct the underlined word and rewrite the following sentence.
ISIN of Indian Government securities is issued by NSDL.
Arrange in proper order.
- Investor (BO) submits an application for securities to the issuer company.
- Depository intimates the DP about crediting BO's Account.
- Issuer company gives details of allotment to Depository.
Distinguish between the following:
Dematerialization and Rematerializotion
Explain the constituents of Depository system.
ISIN is a code given to a company.
Mr. Kishore wants to demat his 25 shares of Hero Company Ltd. bearing certificate no. 100 and distinctive no. 76-100:
- Which form is he required to fill as a written request to the DP-DRF or RRF?
- Does he have to fill instrument of transfer if he wishes to transfer the same after demat?
- Does he have to quote certificate number and distinctive number, if he wishes to transfer his shares after it is in demat form?
