NSDL
NSDL/PI/2002/2138 dtd. 12-Dec-2002
Online Inter Depository Transfer of Securities (OLIDT) - file formats & static data.htm
Participants are aware that at present all Inter Depository Transfer (IDT) instructions received by NSDL are sent to the other depository (CDSL) in two batches, i.e. first batch at 10.00 a.m. and the second at 6.00 p.m. (on Saturday at 2.00 p.m.). All Participants are hereby informed that online transfer of inter depository instructions will commence from Saturday, December 14, 2002. In the online inter depository transfer (OLIDT) module, IDT instructions for the day will be exchanged online between depositories, thus the changes in statii from 'Accepted by NSDL' to 'Sent to Other Depository' to 'Closed, Settled'/'Closed, Rejected by Other Depository', may occur at shorter intervals.
In this context, Participants are advised to note the following deadline timings:
Sr. No. Particulars ... + Read more
Participants are aware that at present all Inter Depository Transfer (IDT) instructions received by NSDL are sent to the other depository (CDSL) in two batches, i.e. first batch at 10.00 a.m. and the second at 6.00 p.m. (on Saturday at 2.00 p.m.). All Participants are hereby informed that online transfer of inter depository instructions will commence from Saturday, December 14, 2002. In the online inter depository transfer (OLIDT) module, IDT instructions for the day will be exchanged online between depositories, thus the changes in statii from 'Accepted by NSDL' to 'Sent to Other Depository' to 'Closed, Settled'/'Closed, Rejected by Other Depository', may occur at shorter intervals.
In this context, Participants are advised to note the following deadline timings:
Sr. No. Particulars On Week days On Saturdays
1 Deadline time for Participants to
verify & release IDT delivery/receipt
instructions 6.00 p.m. 2.00 p.m.
2 NSDL deadline time for receiving IDT
delivery/receipt instructions from
Participants 6.30 p.m. 2.30 p.m.
Participants should ensure that IDT instructions are verified & released well before the deadline so that the status of the instruction become 'Accepted by NSDL' at NSDL deadline time. However, future dated instructions can be verified & released without any time restriction as per the current practice.
Further, upon verify & release of IDT instruction, if the status does not change to 'Accepted by NSDL'/'Overdue at DM', Participants should report to NSDL Help Desk immediately after following the guidelines given vide our Circular No. NSDL/PI/2002/1004 dated June 22, 2002 for monitoring of messages. In case any IDT instruction is received by NSDL after NSDL deadline time, then the same will fail with the status 'Closed, Rejected by NSDL' with the reason 'NSDL deadline time has passed'.
If CDSL rejects NSDL's inter depository debit instructions (IDDs) in case it receives IDD after the current business date, at present, the status changes from 'Accepted by NSDL' to 'Sent to Other Depository' and then to 'Closed, Rejected by Other Depository'. However, Participants should note that in OLIDT mode, the status of IDT instructions will change directly from 'Accepted by NSDL' to 'Closed, Rejected by Other Depository', under the aforesaid circumstances or if it receives the instruction after the deadline time.
Participants should note the following addition to the static data for IDT rejection reason:
Field Name: Rejection reason for Inter-depository Transfer
Code: 6090
Description: CDSL-Deadline failed
Participants are requested to note the above for effecting changes in the respect of the back-office batch interface with the DPM Application Software in respect of Changed orders for the day (COD) export file.
N.A.