C. Safekeeping account
Transfer of securities is triggered by customers and requires certain manual works. In order to avoid physical handling of securities, which is costly and risky, we should allow scrip less securities only.
We should consider if entry to the depository (PTI) can be automated or, at least, no typing of transfer details.
Security receipt notification letter will be unnecessary. E-mail notification is sufficient.
There is no internal transfer of securities from safekeeping account, i.e. Cash account, to/from collateral account because stocks are not eligible for margin collateral.