Demat Account - Basic Features And Benefits You Need To Know
4. SPEED-e facility
SPEED-e is a common Internet Infrastructure that enables the Depository Participants (Participants) to provide depository services to their clients. Demat account holders (including Clearing Members) who have subscribed to this facility can submit delivery instructions to their Participants through SPEED-e website https://eservices.nsdl.com, instead of submitting delivery instruction slips (in paper form) to their Participants. The Users of SPEED-e can also monitor the status of the instructions.
5. Various modes of access
As Demat accounts are electronic in nature now; one can access their Demat account via the internet through Smartphone or personal computer.
6. Hypothecation for Loans
The established practice of a borrower, pledging an asset as collateral for a loan, while retaining ownership of the assets. With hypothecation, the lender has the right to seize the asset if the borrower cannot service the loan as stipulated by the terms in the loan agreement. Hypothecation also refers to securities in a margin account that an investor uses as collateral to borrow funds from a brokerage.