Glossary of terms
- CDA
-
Central Depository Agent.This are agents appointed by CDSC to carry out CDSC related functions.All communication from the client has to come through a CDA.
- CDS Account
-
Central Depository Account
- CDSC
-
Central Depository & Settlement Corporation
- CMA
-
Capital Markets Authority
- Custodian Bank
-
An authorised depository licensed by the CMA which has been appointed a CDA.
- Dematerialisation
-
This is whereby the underlying physical certificate is no longer considered prima facie evidence of ownership under the Companies Act,
- Entitlement Date
-
The date fixed by an Issuer for the purposes of determining entitlements, dividends or other distributions.
- Freezing/unfreezing of shares
-
It is the tagging/untagging of shares such that no transaction can take place on the shares
- Fund
-
The Guarantee Fund established by CDSC.
- Immobilisation
-
Is the process whereby the underlying physical certificate has been deposited with and is held by CDSC