Opening Demat Accounts by clearing corporations permitted to hold and repatriate foreign sovereign collateral under SEBI guidelines. SEBI-approved clearing corporations and their clearing members resident in India may open and maintain demat accounts with foreign depositories and acquire, hold, pledge and transfer foreign sovereign securities offered as collateral by FIIs, remit corporate action proceeds on those securities, and liquidate and repatriate the proceeds to India, subject to SEBI guidelines.