SHCIL started by offering custodial and post-leading services, adding depository services and other services to the porthole once a period. SHCIL has established itself in India as a nonstop solution provided in the financial services domain.
Services of Stock Holding Corporation of India Limited
1. Custodial Services
SHCIL provides first-rate custodial services to India’s leading financial Institutions, Insurance Companies, Mutual funds, Banks, and DF Trusts & corporate custodial services include:-
- Safekeeping of the securities of the client
- Maintain accounts of the securities of clients.
- Collecting the benefits accusing to him in respect of securities.
2. Electronic & Physical Safekeeping Services
It includes
i) Operations on both Depositories, National Depository Ltd, manned by qualified certified & experienced staff complemented by cutting edge Securities Depository Limited & Central Securities back office processes.
ii) Comprehensive document tracking & storage system to enable the instant tracking and stakes of any investments in physical custody.
3. Clearing & Settlement (Cash Segment)
It includes
- Smooth straight-through Process (STP) systems with a choice of two reported service providers enable the competitive advantage of efficient settlements.
- Seamless monitoring and constant updates on failed trades and status (T+2 basic) Daily settlement verification, thus mitigating systematic risks.
- Effortless handling of residual trades in physical mode since the necessary infrastructure is in place.
4. Premium Offerings
It includes
- New issue services, i.e., handling IPO applications, allotments, open offers buy, backs, ADR/GDR etc.
- Online reporting /web-based market information.
- Corporate Action includes calculating entitlements, benefits collections, cheques, warrants deposits, reconciliation and follow-ups.
5. Reporting
It includes
- Daily trades report, make-to-market profit/loss reports, collateral margins reports, account settlements, outstanding position reports, span margins requirement reports, and other relevant reports.
- Customized reporting to provide maximum value of the asset.
6. Technology
SHCIL has dedicated in-house information technology support, which has won laurels from the smooth social Institute, Washington and the computer society of India for innovative use of teaching.
7. Vaults
High-security values use state-of-the-art technology, close-circled T.V. using hidden cameras, motion database access controls and full-time security staff. Certificates are held in customized fire-resistant modular sliding storage units with authorized localism leading using bar codes and audit trails.