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Question
Justify the following statement.
ISIN is necessary component of Demat.
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Solution
- ISIN is a code that uniquely identifies a specific securities issue.
- It is a standard numbering system which is accepted globally.
- ISINs in any country are allotted by that country’s National Numbering Agency (NNA).
- In India, ISINs are assigned by SEBI to NSDL (for demated shares). SEBI works as NNA in India.
- For Government securities, allotment of ISIN is done by the RBI.
- ISIN consists of a 12 (Twelve) digit alpha-numeric code which is divided in three parts.
- The DP will be able to transfer the securities to/from the investor’s account only on the basis of the ISIN.
- Thus, ISIN is a necessary component of demat.
RELATED QUESTIONS
Demated shares are ______.
Select the correct answer from the options given below and rewrite the statement.
______ is a unique code given to a security.
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.
Write a word or a term or a phrase which can substitute the following statement.
This means securities are without distinctive identity number.
Write a word or a term or a phrase which can substitute the following statement.
This is the unique code for security given in depository system.
State whether the following statement is true or false.
ISIN is a unique code given to the specific securities.
Complete the sentence.
The unique code identifying a security is ______.
Select the correct option for the following.
Fungibility ____________.
Answer in one sentence.
What is Dematerialisation?
Answer in one sentence.
What is Rematerialisation?
Answer in one sentence.
What is ISIN?
Arrange in proper order.
- Gets Statement of Accounts
- Open Demat Account
- Submit DRF
Explain the following term/concept.
Rematerialization
Explain the following term/concept.
Fungibility
Explain the following term/concept.
ISIN
Distinguish between the following:
Dematerialization and Rematerializotion
ISIN is a code given to a company.
