Keeping in line with the rapid changes taking place in Indian Capital markets and to enhance the investor's confidence in the capital market related investments, a number of important measures in India have been introduced. The constant endeavours of regulatory bodies in India have ensured that investors benefit significantly through introduction of various measures and legislations related to capital market.
Depository Services is one of the note-worthy measures that has changed the complexion of the capital markets and created a secured and happy atmosphere for investors from all categories.
With the advent of Depository Services in India, the following important benefits have been passed on to the investors:
Elimination of bad deliveries which were peculiar to trading in physical securities.
Immediate transfers and ownership of shares/securities etc, it being an acquisition in the primary market or secondary market.
Absolute reduction in the complicated paper work.
Elimination in the stamp cost peculiar to registration of physical securities.
Excellent mechanism of holding your invesments in a secured and easy manner.
Abu Dhabi Commercial Bank, India certainly has recognised this phenomenon and responded by establishing its depository services.
While acknowledging the valuable patronage the NRIs have favoured ADCB with, we in our endeavour have designed a fully integrated service with one stop shop concept. The Depository Services offered by Abu Dhabi Commercial Bank, not only offer the secured and covenient way of holding the securities in electronic form but also the integration of vital functions, namely :-
Authorised Dealer - to handle the foreign exchange transactions.
Bank - to provide banking services and PIS - (non discretionary).
Depository Participant - to open and maintain DP accounts.
Risk Containtment: At ADCB India we are definitely concerned about the safety and secrecy of your portfolio and the movement thereof. Accordingly, we have built in the following measures in our activity:
Issuance of serially numbered Debit Authorisation Slips with specific reference to your account/s opened with us. This ensures that every transfer instruction given by you to us is validated by the system against these numbers to prevent fraudulant or wrong transfers pertaining to your investment.
We send you periodically, the statements of your holdings in electronic form and also activity report, if any, transaction takes place. These statements are designed to help you keep a track of your holdings and the movements thereof with reference to your acquisitions and sales in the primary as well as secondary market.
Your signatures are digitally recorded in the system and your signatures are matched with the digital recorded signatures before the debit authorisation slip signed by you is given effect too.
ADCB is the only Depository Participant in India which is providing these services through its liaison offices in Abu Dhabi and Dubai to the NRI clients. NRIs can submit account opening forms and their requests for dematerialization and transfer instructions at our liaison offices in Abu Dhabi and Dubai. They can also send their inquires or queries, if any, directly to our email address "adcbdmat@vsnl.net" or send their correspondence to our DP centre situated at :-
Abu Dhabi Commercial Bank
NRI Centre, Mumbai
143, Soona Mahal,
Netaji Subhash Marg,
Mumbai 400020 - INDIA
Tel : 22830184
Fax : 22855655
