The activities of Capital Markets Division are segregated into two segments, the primary market and the secondary market with various products being offered under each segment as shown below:
Primary Market
Secondary Market
Primary Market
Collecting Bankers:
- Leading collecting bankers to Public & Private Placement/ Mutual Funds/ Capital Gains Bonds issues
- Collecting banker to highest number of book building issues and largest mobiliser both in terms of number of applications and amount
- Ranked amongst the top bankers in terms of public issue collecting bankers for the last 3 years by 'Prime Database'
- Network of branches covering 210 locations of the country
- Presence in all Stock Exchange centres
- Expertise in handling issues
- Strong relationships with Merchant Bankers/ Arrangers, Registrars and Brokers· Timely MIS and other reports
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Escrow & Paying Bankers
- Assignment of escrow bankers and paying bankers to Mergers & Acquisition deals
Initial Public Offer (IPO) Funding
- IPO financing in public issues done on a selective basis
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Secondary Market
Clearing & Settlement Bankers
- Clearing Banker to National Stock Exchange (NSE) and The Stock Exchange Mumbai (BSE) in the cash and derivative segments
- Servicing of individual, clients and other accounts of the members to ensure that collection of funds in the broker's account is seamless and immediate
- Other value added services provided to members who maintain settlement accounts with ICICI Bank
- Free electronic transfer of funds from/ to any of the Bank's branches
- Free Demand Drafts on ICICI Bank locations
- Pay orders with a flat charge of Rs.50
- Internet Banking
- At par cheque books
- Phone banking
- Extended hours of service
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Bank Guarantee
- Issue of financial guarantees on behalf of brokers favouring NSE/ BSE to meet base capital, security deposit and margin requirements
- ICICI Bank reserves the discretion of issuing such guarantees at margins which are subject to internal credit assessment process and as per the RBI regulations
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Secured Overdraft
- Overdraft against shares to meet temporary cash flow mismatches in meeting pay-in requirements, client and other obligations
- ICICI Bank reserves the discretion of providing such facility at margins which are subject to internal credit assessment process and as per the RBI regulations.
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Delivery Versus Payment (DVP) Funding
- DVP funding against contracts for trades executed on the exchange on behalf of institutional clients
- Funding for 1-3 days at competitive interest rates
- ICICI Bank reserves the discretion of providing such funded facility which is subject to internal credit assessment process and as per the RBI regulations
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Intra Day Funding
- Intra-day funding to meet pay-in obligations (against cheques deposited in clearing or pay-out to be received from the other Exchange) and client obligations
- ICICI Bank reserves the discretion of setting such intra day limits, which are subject to internal credit assessment process.
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Temporary Overdraft (TOD)
- TOD to meet margin calls from the exchange and any temporary cash flow mismatches
- ICICI Bank reserves the discretion of setting such TOD limits, which are subject to internal credit assessment process.
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