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Draft Letter to admit Commercial Paper
in NSDL
Date:
_____________________
The Managing Director
National Securities Depository Limited
4th Floor, Trade World
Kamala Mills Compound
Senapati Bapat Marg
Lower Parel
Mumbai - 400 013.
Sub: Admission
of Commercial Paper
Dear Sir,
We are pleased to inform
you that our company has decided to offer the following Commercial
Paper as eligible securities under the Depositories Act, 1996. We confirm
that these instruments will be governed by the terms and conditions
indicated in the tripartite agreement dated __________ entered between
_________, _________ and NSDL. The details of the instrument are as
follows:
| Sr. No |
Description of the Security |
Allotment date |
Maturity date |
Issue Value |
Redemption Value |
| |
|
|
|
|
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We understand that NSDL
will not levy any charges to the investors holding securities in the
demat form. We agree to pay a sum of Rs. 10,000/- towards admission
/ electronic credit of these securities in the NSDL system.
We understand that for the
purpose of redemption an account has to be opened with a depository
participant of our choice. The same will be communicated to NSDL and
the holder of the Commercial Paper in due course.
Please find enclosed the
duly filled Master Creation Form. We request you to take necessary
steps to induct our security into your depository system and allocate
ISIN for the same.
Yours faithfully,
__________________________
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