El sentido de la contabilidad financiera en las organizaciones de economía solidaria

A demat account allows you to buy, sell and transact shares without the endless paper work and delays. It is also safe, secure and convenient.

What is Demat account?

Demat refers to a dematerialized account. Just as you have to open an account with a bank if you want to save your money, make cheque payments etc, you need to open a demat account if you want to buy or sell stocks. So it is just like a bank account where actual money is replaced by shares.

1. The demat account reduces brokerage charges.

2. It enables quick ownership of securities on settlement resulting in increased liquidity.

3. It avoids confusion in the ownership title of securities, and provides easy receipt of public issue allotments.

4. It also helps you avoid bad deliveries caused by signature mismatch, postal delays and loss of certificate in transit.

5. It eliminates risks associated with forgery, counterfeiting and loss due to fire, theft or mutilation.

6. Demat account holders can also avoid stamp duty (as against 0.5 percent payable on physical shares), avoid filling up of transfer deeds.

Steps involved in opening a demat account:

Opening an individual demats account is a two-step process:

1. Approaching a DP and fill up the demat account-opening booklet. The web sites of the NSDL and the CDSL list the approved DPs.

2. We receive an account number and a DP ID number for the account.

The cost opening and holding a demat account:

There are four major charges usually levied on a demat account: 1. Account opening fee

2. Annual maintenance fee 3. Custodian fee

4. Transaction fee.

Online Equity Trading:

trades almost instantaneously, while generally incurring lower Commissions. These facilities for online investing can thus provide significant benefits to many investors. At the same time ,investors should recognized that online trading might present Special risks. For example, investors should understand that execution of their orders might be delayed during times of high market trading volume. Investors should appreciate the usefulness of limit orders, and they should treat bulletin

boards and monetary with skepticism.

E-broking or trading of stock market shares on the internet has captured the minds of individual investor worldwide. Report says more than seven million American Investors have gone online in the last 5-7years , and this number is likely to double in the next two years in many other countries including India , individual investors have come out in open support of this new trading system. The Internet has democratized the investing world by giving every web-enabled individual access to a rich reservoir of data and analyses on the stock market. In India , exchanges have been very proactive, rather than waiting. They have chosen to be the harbingers of change by allowing members who fulfill the criteria to take advantage of the internet by facilitating a computer-to-computer trading link. Using internet, a broker can set up a NSE trading facility in a remote town at a far lower cost, which makes penetration of capital markets easier in rural areas.

BSE has already embarked on a campaign of investor education and awareness about the benefits of online trading and the security features built into The internet trading system to be effected via the exchange trading plaza. there is A tremendous potential for growth in the online trading market as more and more Brokers are going online. Both BSE and NSE are trying to provide a cost-effective solution for their Members to provide a standards-based internet trading facility to their clients at a Fraction of the cost , of what it would cost the broker if he went alone . The typical Cost of setting up a decent sized internet trading solution is between Rs 10 to 15Crores, which a large number of brokers are unlikely to be affordable .The BSE Therefore

Plans to offer an exchange– based system that leverages the economies of scale to offer routing via a centralized engine with the additions of content of Companies, available with the exchange.

BSE has introduced an application Service provider model, which has widely been accepted. NSE has formed a 50-50 joint venture with I-flex solutions to offer the Exchange trading solutions . The joint venture christened dotex international in addition to providing access to the exchanges order matching system will also allow access to fundamental analysis , balance sheet analysis and any other relevant company information.

The BSE too is offering tools like technical analysis and scrip related information etc. on the site at a cost, which is 10 to 20%of the cost of the broker going solo. In India quite a number of websites today, offer online trading and e-Broking over the internet. These are either wholly specialized services or are being offered as an extension to an already existing offline business model. Popular Websites like ICICI direct.com investmartindia.com

Geojitsecurities.com,5paosa.com,kotakstreet.com,sharekhan.com,offer basic online buying and selling of shares through major stock exchanges like the NSE , BSE and other regional stock exchanges .Although, in principle it is very much like how it is done traditionally and physically through a broker or broking firm ,it differs from the way that the automation is built into the system ,with the individual maintaining control of the path of transaction till the stage of execution .Only Demat (Dematerialization) shares can be traded on the internet.

Following are the sailent features and benefits offered to individuals who desire to trade online trading through various e-broking firms:

• Convenience

• Liquidity advantages • Tracking

• Technology benefits

In order to stay ahead in the competition e-broking firms have to provide their members with innovative schemes and clearly visible advantages in terms of Hassle-free transacting and more

Obviously low brokerage rates.

Online trading is bottle for the Indian investor’s purse. The entry of competitive price online broking services has brought the excitement back in a rather lack luster market. It has exposed the investors to the dynamics of day trading. Online trading also has a role to play in economic factors such as the mobilization of savings. From a macro economic perspective in the us, about 15% of savings were invested in equities in 1996. The concept of online trading is eminently flexible due to scalability of infrastructure and other evolving product offerings.

Consequently the many benefits of online trading will continue to attract investors, which in turn in economics of massive scale from the going mass of transaction. In turn, this will enable web managers of online trading sites to constantly upgrade their product offering can enhance the quality of online trading experience, on a continuous basis.