| Business Services >> Capital Markets |
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ICICI Bank is an active capital market intermediary. It is one of the promoters of many leading institutions in the country like National Stock Exchange Of India Limited (NSE), National Commodities & Derivatives Exchange Limited (NCDEX), Central Depository Services (India) Limited (CDSL), etc. Since 2000, the Bank has also been one of the clearing and settlement banks for NSE and Bombay Stock Exchange Limited (BSE). The Bank also took up the clearing and settlement banking status for NCDEX in FY 2004 and has recently got the clearing and settlement banking status on the Multi Commodity Exchange of India Limited (MCX).
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Primary Markets
Collecting Bankers |
| We are the leading collecting bankers (market leader) to Public /Rights / Private Placement / Mutual Funds/ Capital Gains Bonds issues.The amount collected in the year 2006-07 was Rs.470.00 billion with 90 issues. |
| Escrow and Paying Bankers |
| We act as escrow and paying bankers to Mergers and Acquisitions. |
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| Secondary Markets |
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| As mentioned above, ICICI Bank acts as a 'clearing and settlement' banker for members of NSE, BSE, NCDEX and MCX. The clearing bank status provides the bank opportunities to generate float funds, fees and strong volume of depository business. Cross - selling of the following products / services is also possible:- cash management services, NRI accounts, payment gateway, portfolio management services accounts.
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Clearing and Settlement Bankers
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The Bank is the leading Clearing and Settlement Bank for The National Stock Exchange of India (NSEIL) and The Bombay Stock Exchange (BSE), offering a range of products and services in the capital markets. It is also a Clearing and Settlement Bank for other Exchanges in India namely The National Commodity and Derivatives Exchange and The Multi-Commodity Exchange of India.
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Bank Guarantees
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The Bank issues bank guarantees to brokers on both the Capital market and commodity market segment favoring the NSE / BSE / NCDEX / MCX to meet their Security Deposit/ Base Capital and Margin requirements of the exchanges.
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Secured Overdraft
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To meet working capital requirements of the brokers on the Capital Market Segment the Bank provides after thorough credit appraisal secured overdraft in the form of overdraft against shares.
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Intra-day Funding
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Intra-day funding at the Bank's discretion to meet Exchange obligations (against cheques deposited in clearing or pay-outs to be received from the other exchanges) and client obligations.
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Temporary Overdrafts (TOD)
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The Bank at its discretion provides Temporary Overdrafts to meet Exchange obligations and for any temporary cash flow mismatches. |
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