NATIONAL SECURITIES DEPOSITORY LIMITED - NSDL

Circular No :Sub : Extension in Deadline for Submission of Instructions on SPEED-eNSDL/POLICY/As all Participants are aware, NSDL launched its common internet facilitySPEED-e/2008/0001 called SPEED-e on September 1, 2001. At present, SPEED-e allows the ClientsDate : January 3, 2008 to submit instructions with current date as the execution date only upto 6:00p.m. IST (3:00 p.m. on Saturdays). Participants have requested NSDL to extendthe deadline for submission of instructions on SPEED-e for their clients onweekdays.In this regard, NSDL is pleased to announce the following changes onSPEED-e with effect from January 7, 2008:• Instructions with current date as the execution date can be executedon SPEED-e by the client upto 6:30 p.m. IST (earlier 6:00 p.m. IST).However, instructions with future date as the execution date can beexecuted at any time, even after 6.30 p.m. IST.Further, there is no change in the deadline for submission of instructions withcurrent date as the execution date on SPEED-e by the client on Saturdayswhich is 3:00 p.m. IST.Participants must ensure that all the instructions received from the clientswithin the aforesaid deadlines are duly executed in the DPM System and incase Participants encounter any difficulty in downloading the instructionsfrom SPEED-e, the same should be reported to Help Desk immediately. Incase of emergency, NSDL will download the file and give it to the Participants.Participants are requested to take note of the above and inform all theSPEED-e Users accordingly.Auto Cancellation of Unconfirmed Pledge/Hypothecation/SLB Orders due to Auto Corporate ActionsCircular No : In continuation of Circular No. NSDL/PI/2001/1559 dated October 12, 2001NSDL/PI/2001/1566 regarding automatic cancellation of unconfirmed Pledge / Hypothecation /Date : October 13, SLB orders, Participants are further advised that while re-executing the2001 cancelled orders, proportionate quantity credited under the new ISINs uponconversion should be entered in respect of each cancelled order. Participantscan refer to the Auto Corporate Action Details inquiry screen in the DPM forobtaining the details of ACAs viz; Instruction No., Type, Execution Date, DebitISIN, Credit ISIN, Conversion Ratio and statusCircular No :All Participants are hereby informed about the effect on unconfirmed PledgeNSDL/PI/2001/1559 / Hypothecation / SLB orders subsequent to release of DPM ApplicationDate : October 12, software Version 3.1. All unconfirmed pledge / hypothecation creation, pledge2001 /hypothecation closure, hypothecation invocation, lend initiation, borrowinitiation, recall initiation and repay initiation requests for those ISINs forwhich Auto Corporate Actions have been executed so far will get automaticallycancelled and securities will get transferred to the new ISINs on Monday,October 15, 2001. The cancelled Pledge / Hypothecation / SLB orders will bereflected in the changed orders for the day (COD) Export. Participants shouldre-execute such cancelled Pledge /Hypothecation / SLB orders immediately.Henceforth, whenever an Auto Corporate Action (ACA) is executed, allunconfirmed Pledge / Hypothecation / SLB orders will get cancelledautomatically and securities will be transferred to the new ISINs on theexecution date of ACA and Participants will have to re-execute those orders.Fresh instruction forms will not be required to be obtained from the clientsfor re-execution of the automatically cancelled Pledge/ Hypothecation / SLBorders on account of ACA.[ 191 ]