Settlement Methods: India (IN)

The next table outlines the validation methods for this market.

Method	EQU	Corp FI	Govt FI	MM	Unsp	You Must Populate	Notes
INCSD	X			X	X	A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees)) Local Agent BIC	The label for A/C# @ Depository (ID 1) is CDSL#. Maximum length: 8 numeric digits. The label for ID 2 is SEBI. The label for ID 3 is FII#. The label for ID 4 is UCC#. Maximum length: 10 alphanumeric characters. The label for ID 5 is UIN#/PAN#. Maximum length: 10 alphanumeric characters.
NSDL	X	X	X	X	X	A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees)) Local Agent BIC	The label for A/C# @ Depository (ID 1) is NSDL#. Maximum length: must be exactly 8 characters (2 alphabetic characters followed by 6 numeric digits). The label for ID 2 is SEBI#. The label for ID 3 is FII#. The label for ID 4 is UCC#. Maximum length: 10 alphanumeric characters. The label for ID 5 is UIN#/PAN#. Maximum length: 10 alphanumeric characters.
RBI		X	X		X	A/C# @ Local Agent (investment managers and those acting OBO an investment manager (global custodians, regional custodians, and trustees)) Local Agent BIC	The Maximum length: 8 numeric digits The label for ID 2 is SEBI#. The label for ID 3 is FII#. The label for ID 4 is UCC#. Maximum length: 10 alphanumeric characters. The label for ID 5 is UIN#/PAN#. Maximum length: 10 alphanumeric characters.