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Dear SharePro User,
eDIS in NSDL
SharePro has recently incorporated the NSDL eDIS Facility, which in tandem with your trading application, allows your user to Block shares in his non-POA account while making a sale. Implementation of eDIS eliminates the need for your user to give you explicit POA to his DP Account with you.
We will like to thank Navia Capital Markets for taking the pains to take the snapshots and provide them to us to allow this communication. The steps of executing eDIS are explained below:
Your client initializes a Sale:
First, your client tries to sell a share that is in his NON-POA DP Account with you using your trading application.
Your trading application wants the Client of the requirement of eDIS. This, of course, is an optional step.
The trading application redirects the Client to the NSDL site and asks for MPIN:
On entering the correct MPIN, the NSDL application reconfirms the Order.
On confirmation, the eDIS Sale goes through:
Note that the process shown above may vary on your trading software. Once the sale is through, your Trading System's Admin portal will provide you an eDIS Batch containing successful eDIS Instructions. Here is a snapshot of the eDIS file being exported from the front-end Admin module:
This file needs to be imported into SharePro as shown below :
This generates a NON-POA Batch file to affect movement of shares from the Client's NON-POA DP Account to your pool.
The upload to NSDL screenshots are below:
Now, cross verify the Upload status as shown below:
That's it, the complete cycle of eDIS Sales is complete.
Note that the similar process for CDSL is currently work-in-progress.
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