NATIONAL SECURITIES DEPOSITORY LIMITED - NSDL

(iv) Upon receipt of the request from the Participant, NSDL will set-up thedeadline time on SPEED-e system. The deadline time once set-up onSPEED-e system will continue with revised deadline time till request tomake changes to the same is received from the Participant.(v) Pursuant to the release of this feature, the current deadline time forsubmission of instructions with current date as the execution date onSPEED-e i.e., 7.00 pm for weekdays and 3.00 pm for Saturdays willcontinue to be effective till request to make changes to the deadlinetime (in the manner mentioned above) is received from Participants.For more information / clarification, Participants are requested to contactthe following officials:Name of the official Telephone Number Email addressMs. Kirti Samant (022) 2499 4424 kirtis@nsdl.co.inMr. Sandeep Kumar (022) 2499 4361 sandeepk@nsdl.co.inMr. Rahul Gupta (022) 2499 4372 rahulg@nsdl.co.inMr. Narayan Venkat (022) 2499 4479 narayanv@nsdl.co.inCircular No :Sub: Launch of SPICE (Submission of Power of attorney based InstructionsNSDL/POLICY/for Clients Electronically) on SPEED-e / IDeAS2009/0126 All Participants are hereby informed about the introduction of a facility forDate: December 31, auto pay-in of securities named SPICE (Submission of Power of attorney based2009 Instructions for Clients Electronically) using the infrastructure of SPEED-eand IDeAS. The details of the facility are given below:(I) Introduction :This facility is in respect of demat accounts operated on the basis ofPower of Attorney (POA). Many investors execute POA in favour of theirstock brokers (i.e. Clearing Members) and advise their Participantsaccordingly. Based on the POA, Clearing Members (CMs) submitinstructions (auto pay-in) to the Participants (where Clients maintaindemat accounts) to debit the demat accounts of the Clients. SPICEwould enable such CMs to submit digitally signed instructions toParticipant through the SPEED-e facility thereby eliminating the needto give paper based delivery instructions to the Participants.(II) Process :a) CMs can set up registration requests in respect of their Clients (whohave given POA in their favour) on SPEED-e.b) Registration requests can be confirmed by the Clients’ Participantthrough SPEED-e or IDeAS (if not subscribed for SPEED-e facility).c) Upon confirmation by the Clients’ Participant, the Client accounts getregistered for the SPICE facility.d) After Clients are registered for this facility, CM can submit digitallysigned instructions to debit the demat accounts of Clients and creditits pool account through SPEED-e facility.e) Participants of the Clients (where Clients maintain demat accounts)will download these instructions and import it into their DPM systemfor execution.[ 156 ]