BO (Beneficial Owner) accounts opening and maintenance
Dematerialization and Re-materialization
Pledging, un-pledging and confiscation
Transfer / Transmission of securities
Pledging
As a full service Depository Participant (DP) we provide pledging and un-pledging services to the clients. Account holder (Pledgor) may pledge securities held in their accounts to a Pledgee who is a Participant or has an account with CDBL. The Pledgee Participant may enter an instruction to accept or reject the pledge request in accordance with the User Manual. Upon acceptance of the Pledge, CDBL System shall mark the lien on the Securities pledged.
For unpledging the Pledger shall request cancellation of the Pledge by forwarding an Unpledge Request Form to his CDBL Participant. On receipt of the URF, the CDBL Participant of the Pledger shall electronically register the cancellation request with CDBL. Upon acceptance of the unpledge request by the Pledgee as advised by his CDBL Participant, CDBL System shall electronically unmark / release the lien on the Securities no longer pledged.
Dematerialization
MTB Securities operates all kinds of share transaction. MTBSL clients can dematerialize/rematerialize their shares in the electronic/physical form. This system allows the clients to transact easily and instantly. Clients can find the instant status of the share market including the price.
