Services offered:

• Safekeeping
• Settlements and corporate action/event related activities in respect of clients' investment holdings including benefit collection and proxy execution
• Trade settlements for the clients either by way of delivery vs. payment (DVP) or through stock exchange clearing mechanisms
• Fund Accounting
• Reporting

Preamble:
With the advent of Derivatives Segment in the Indian capital markets, ICICI Bank has registered as a Custodian cum Professional Clearing Member (PCM) for the Derivatives Segment attached to both National Stock Exchange (NSE) and The Stock Exchange Mumbai (BSE), thereby expanding the scope of services to the derivatives segment.

Services offered:

• Settlement of trades and reporting
• Calculation of margins - Initial and Mark to Market (MTM)
• Reporting of fund position for margin obligations
• Daily open position
• Daily exercise/assignment report

Preamble:
Custodian to the largest number of ADR/GDR issuance from India. Actively involved in committee instituted by regulators for policy formulation and operative guidelines on 2way fungibility

Services offered:

• Delivery and settlement of ADR/GDR underlying shares
• Re-issuance of ADR/GDR

ICICI Bank - SPD offers a wide spectrum of securities processing services for both physical and demat securities as detailed below:

1. Security Settlement Services

(a) Receipt, delivery and settlement of equities and debt through Delivery Vs payment (DVP) as well as Clearing House (CH)
(b) Settlement of SGL and Money Market Instruments with Counter Parties
(c) Clearing and settlement of trades done in Equity derivatives segment on NSE/BSE by trading member or Custodial participant
(d) Delivery & settlement of ADR/GDR underlying shares and Re-issuance of ADR/GDR

2. Primary market

Primary market applications in equity, debt and auctions in GoI Securities on specific client instructions.

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3. Cash & Banking Services

(a) Issue of Cheques / Demand drafts / Pay orders / RBI Cheques for security purchases
(b) Collection & deposit of payment instruments for sale transactions
(c) Deposit of corporate benefits such as Dividend amounts, Interest & Redemption proceeds
(d) Booking of dollar remittance and repatriation
(e) Provide bank statement on daily basis
(f) Bank Reconciliation

4. Corporate Action and Benefit collection

(a) Reporting of various corporate actions such as, split, redemption, merger, AGM, Board meetings, put/call dates, bonus, rights, limit monitoring etc. and proxy execution services
(b) Tracking of Corporate benefits such as Interest, Dividend & redemption amounts
(c) Tracking of security benefits such as bonus and rights
(d) Exercise of Put & Call option
(e) Collection and deposit of Interest / Redemption / Dividend amounts and reconciliation thereof

5. Registration and Safe Keeping of securities

(a) Safe keeping of Physical securities
(b) Registration, rectification, consolidation, split and demat of securities

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6. Depositary services

Being a Depositary Participant with both the apex depositaries in India - National Securities Depositary limited (NSDL) and Central Depositary Services of India Limited (CDSL), ICICI Bank Limited provides

• Holding securities in client's account electronically
• Settlement of trades through the client's demat account
• Pledging of securities

7. Fund Accounting

Accounting of the client's entire portfolio which includes

• valuation of investments
• daily accrual of income on investments
• amortization of premium
• expenses
• taxation etc.
• security classification as per US GAAP method of accounting and mapping of account codes under SAP

8. Reporting and MIS

a) Fund flows
b) Corporate actions
c) Holding statement and Portfolio valuation
d) Aging analysis of securities sent for registration, rectification, and demat
e) Customised reporting in respect of equity derivative segment on daily, weekly and monthly basis as applicable.
f) On line access to reports and bank account through ICICI Bank e-business web site.
g) Reports also provided on "as required basis"

Above reports are forwarded to the client at a desired frequency. Two-way communications with the clients is via channels mutually agreed and ranging from fax, telex, e-mail to soft and hard copy dispatched by mail or courier.