The National Securities Depository Limited (NSDL) on September 17, 2024, notified regarding the enhancement in the SPICE facility for settlement for Corporate Bonds orders routed through the stock exchange platform.
The following has been stated namely: -
• It has upgraded the SPICE facility to enable the settlement of mutual fund redemptions and corporate bond sales by transferring units and bonds to the Designated Pool Accounts of Clearing Corporations (NCCL and ICCL).
• It states that the enhanced SPICE facility now allows TMs/CMs with POA/eDIS or DDPI mandates to debit corporate bonds from clients' accounts and credit them to the Designated Pool Accounts of NCL and ICCL.
Refer to the attached document for detailed notification.
[Notification no. - NSDL/POLICY/2024/0131]
