surjit

Department of Commerce
For listed Securities
Counter receipts
 Initial counter receipts(ICR)
 Permanent counter receipts(PCR)
 Transferred permanent counter receipt(TRPCR)
Documents used
Transfer deed(TD)
Sale confirmation slip(SCS)
Application acknowledgement slip(AAS)
Steps in trading
Issue of Counter Receipts(CRs)
Transfer
Compilation
Selling Securities
Counter Details
Automatic Transfer
Consolidated Statement
Permitted Securities
Share certificated with valid TD
The counters doing market making in these scripts
give two way quotes voluntarily , the debt quantity
being in multiples of the market lot for the script.
Counters can give quotes even without having
inventory of the scrip who can also modify or
withdraw their quotes strictly before the deal is struck
Selling investors are issued purchase confirmation
slip (PCS) and the purchasing investors are given sale
confirmation slip(SCS) by the counters at the time of
finalization of the transaction
Permitted Securities
While excepting the share certificates the counter has to
insure that it is in market lots
The counter have to ensure that the share certificates are
accompanied by valid TDs with dates later than the
previous book closer date, the signature of the transformer
is genuine, it is in good conditions and meet all the
requirement of a good delivery
All delivering brokers have to affix on the reverse of the
TD a rubber stamp giving such details as broker’s name
code number, name of the exchange, SEBI registration of
the delivering broker and the amount of the transaction
Thankyou