NSE BSE LISTING PROCEDURE

INTRODUCTION
vNSE was founded on 3 Nov. 1994. vPromoted by IDBI, ICICI, IFCI, GIC, LIC, SBI Capital mkt, PNB, OBC, Union Bank of India, Infrastructure Leasing & Financial Services, Stock Holding Corporation of India.

NSE

OBJECTIVES
vTo provide nationwide trading of Equities, Debts & Hybrids. vEqual access to Investors through appropriate communication network. vProvide a fair, efficient & transparent securities market. vTo shorten the settlement cycle. vTo meet current international standards of securities market.

MEMBERSHIP
Wholesale Debt Market Capital Market Segment

Eligibility criteria for WDM

Trading members are Bodies Corporate, Companies, Institutions or Entities permitted by RBI or SEBI. Whole time Directors having 2yr. Experience in Banking, Financial Services or Treasury. Minimum net worth of Rs. 2 Crore. Dealing solely in Securities not in Fund based activities.

Eligibility criteria for Capital Market

vIndividuals, Registered Firms, Bodies Corporate, Companies permitted under SCRA Act. vApplicant must engaged solely in the business of Securities. vMinimum net worth requirement: (a) Individuals & Registered Firms- Rs.75 Lakh (b) Corporate Bodies- RS.100 Lakh vCorporate trading member i.e. minimum 4 individuals should hold 40% of paid up capital in case of listed companies.

day & if not matched during the day, the order will be cancelled automatically. A Good Till day order: Trader specifies the number of days for which the order should be in the system. Immediate or cancel order: Enables the trading member to buy or sell security when the order is released into the market. Stop loss order: 0rder is activated only when the market price of the respective security crosses a threshold price. Volume conditions: (a)Disclosed value order (b)Minimum fill order

TYPES OF ORDERS Time based orders: Valid only for the entered

CLEARING AND SETTLEMENT

Managed by NSSCCL i.e. National Securities Clearing Corporation Ltd. Provides facility for multiple settlement mechanisms. Rolling settlement is on T+5 days Settlement through clearing house. NSCCL acts as depository as well as clearing bank to provide Delivery Versus Payment settlement.

ADVANTAGES OF NSE accessibility Wider

Screen Based Trading Non disclosure of trading members identity Transparent transactions Matching of orders Effective settlement of corporate benefit SGL facility in the debt market Trading in dematerialised form

BSE

INTRODUCTION
vBSE was founded on 1875 as Natex i.e. The Native Stock & Share Brokers Association. vOriginated as a voluntary & non profit making association. vOldest stock exchange in Asia. v

OBJECTIVES
To safeguard the interest of investing public. To establish & promote honorable & just practices in securities transactions. To promote, develop & maintain well regulated market. To promote industrial development in the country through efficient resource mobilisation.

TRADING SYSTEM
vIn 1995, BSE introduced screen based trading called BOLT i.e. BSE on-line Trading. vBOLT is designed to get best bids & offers from jobbers. vTrading work stations are connected at Mumbai through WAN. vCapacity of BOLT is 5,00,000 trades per day

SECURITIES TRADED

Classification
Non-Specified Securities

Specified Shares
Cos with large outstanding shares Good track record Large volume of business C\f transactions for 90 days

B1 Group Liquid Securities

B Group

Settlement through Clearing House

Price Surveillance: This dept. keeps a close watch over the price movements of scrips & aims at an early detection of market manipulation like price rigging. It can be through: (a) Circuit Filters (b) Margins Check on the BOLT Terminals: The decision to deactivate the membership for non payment of fee & violation of trade restrictions. It can be through: (a) Position Monitoring (b) Outstanding Market Position (c) Carry forward positions

SURVEILLANCE SYSTEM

STOCK MARKET INDICES

BSE Sensitive Index BSE- 100 Index BSE- 500 Index BSE Bankex Dollex- 30 S&P Nifty Index S&P CNX Nifty Junior S&P CNX-500

SubmittedTo: Ms.Rakhi Assist. Prof.

Submitted By: Pankaj (7) Sumit (13) Renuka (14) Nidhi (21) Avinash (29)

Thank You

Queries.