Dps Will Have To Fork Out Rs 12 Lakh For Software

Those who intend to be depository participants will have to cough up Rs 12 lakh for a single user set-up. If the participant wants to have additional users, the cost will come to around Rs 2.75 lakh per user. Moreover, each participant will have to pay Rs 5 lakh for the very small aperture terminal (VSAT).

The hardware will cost the participant Rs 9 lakh, software Rs 2 lakh, network Rs 1 lakh and security devices worth Rs 1 lakh which is not an immediate expenditure.

Environmental equipment cost and recurring cost of approximately 12 per cent towards annual maintenance will have to be paid additionally.

 

NSDL has short listed a few hardware suppliers and negotiations are on over equipment supply and services. The depository participants will be informed about the empanelled suppliers list with guidelines on prices and other items. The participant can choose any of the suppliers from the list to procure the necessary hardware.

According to Jayesh Sule, assistant vice-president of NSDL, the depository will negotiate on behalf of the participant, the product prices and other terms with the respective software suppliers.

The depository will then place an order for the consolidated demand from the depository participants. The application software will be supplied by NSDL. As far as the network is concerned, NSDL is planning to use the National Stock Exchange's (NSE) existing network to link up depository participants computer systems to the main depository system. The National Stock Exchange (NSE ) will connect the necessary networking equipment for VSAT through its network for depository participants.

The bourse collects an ad hoc deposit of Rs 5 lakh from each VSAT user and will adjust this amount yearly on a cost-sharing basis.

Since NSE's network is heavily engaged during day time, it is envisaged by the depository that all the network traffic will only be during second or third shift. NSDL is planning to set up its own satellite hub-station as networking through the National Stock Exchange network is a temporary measure.