NSE directions for Pay-out of securities directly to client demat account

NSE, for enhancement of operational efficiency and risk reduction has directed that the securities for payout shall be credited directly to the respective client’s demat account by the Clearing Corporations. Hence, all Trading Members are requested to:

1. Make relevant changes in the demat account details available in the UCC database, if any.
2. Update the Primary / Secondary indicator for demat accounts for all existing UCC details.
3. Updation of the relevant fields can be done via the modification file format.