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16th March 2016, 01:03 PM
Super Moderator
 
Join Date: May 2012
Re: Stock Holding Corporation of India Review

Stock Holding Corporation of India establishes custodial services in India in 1988 and presently is supported from 189 offices in India. It has been the largest Custodian, by Assets and transaction volumes for more than two decades in India.

It is the First Asian Company to be bestowed with the prestigious Smithsonian Award for ‘Visionary use of IT’.

Securities Services/ Custodian Services

On Boarding / Registration Services :
As a registered Designated Depository Participant (DDP) it issue Registration Certificate to Foreign Portfolio Investors.

Safe Keeping :
Hold & protect assets.

Securities Escrow Account :
Service offerings for FDI and Private Equity investors.

Trade Settlement :
The Straight-through processing abilities helps speed up the processes with greatest ease and minimum time.

Income Collections :
Prompt collection of income on portfolio holdings and reconciliation thereof.

Corporate Actions :
Ensuring timely forecast of all corporate actions entitlements and benefits accruing on client’s holdings

Reporting :
Providing Customized, timely & Comprehensive reports on portfolio holdings

Client Services :
Dedicated Relationship Managers as one point contact

Updates :
Periodic bulletin(s) on updates on Regulations (including taxation), Markets etc.

Collateral Management :
Guarantee Management services for various segments.

Risk Management :
Aid risk easing at every stage of the transaction’s life cycle with efficient risk-free mechanisms and monitoring positions on a continuous basis

Derivatives :
Leading Clearing Member on the Futures and Options segment for cash, currency and Interest Rate Futures (IRF)

Government Debt :
Resolution of client’s transaction on NDS platform for RBI

Fund Accounting Services :
Fund Accounting solutions fully integrated with Custody.

Valuation Services :
Assist clients through measurements of their financial performance, risk, credit quality, computation of Net Asset Value.

Securities Lending & Borrowing :
Assist clients to monetize the AUC through Lending Product .

Tax Co-ordination :
For all foreign investors availing of custodian services, co-ordinates with his Certified Public Accountant (CPA) for all aspects pertaining to taxation and submits the CPA details of all transactions done, obtaining tax certifications and payment of taxes before remittance of funds.

Contact Detail:
Stock Holding Corporation of India
Centre Point,
Unit No.301, 3rd Floor,
Dr. B. Ambedkar Road,
MUMBAI-400012


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