Execution of ‘Demat Debit and Pledge Instruction’ (DDPI) for transfer of securities towards deliveries / settlement obligations and pledging / re-pledging of securities
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Demat Debit and Pledge Instruction authorizes broker access to client demat for settlement and pledging, subject to client consent. SEBI prescribes a Demat Debit and Pledge Instruction (DDPI), executable only with explicit client consent and e-signature, to authorize brokers/DPs to transfer securities for exchange settlement obligations and to pledge/re-pledge securities for margin purposes; transfers under DDPI must be matched with client-wise net delivery obligations, credited only to the client's trading member pool account, registered in the client's demat account, and revocable by the client, while brokers/DPs may not compel execution of DDPI or deny services for refusal.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Demat Debit and Pledge Instruction authorizes broker access to client demat for settlement and pledging, subject to client consent.
SEBI prescribes a Demat Debit and Pledge Instruction (DDPI), executable only with explicit client consent and e-signature, to authorize brokers/DPs to transfer securities for exchange settlement obligations and to pledge/re-pledge securities for margin purposes; transfers under DDPI must be matched with client-wise net delivery obligations, credited only to the client's trading member pool account, registered in the client's demat account, and revocable by the client, while brokers/DPs may not compel execution of DDPI or deny services for refusal.
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