QUICK LINKS


Open a NRB Account
Method of Operation
 
  1. The investor opens a depository account with a participant or CDBL.
  2. Certificates are ‘dematerialised' by lodging them at the issuer.
  3. The issuer updates the register and moves the holding to the depository portion of the register.
  4. The investor sells on a stock exchange through a stock broker and another investor buys.
  5. The stock exchange advises CDBL to update its records.
  6. CDBL debits the sellers account.
  7. CDBL credits the buyers account.
  8. Investors may rematerialise if they wish.