E-DIS Advantages and Disadvantage for NRI Clients

ProStocks is the first Brokerage House in India to get approval for E-DIS (Read more about What is E-DIS?) for NRI Client. Prior to E-DIS, each and every NRI Client was required to give PoA (Read more about Why Stock Brokers ask for Power of Attorney (PoA) of Demat Account?).

As and when client want to see the Equity Holdings, they have two options :

1. Back office (most preferred, just matter of getting used to)
2. Trading Application :
   1. Holding Equity Report for those shares lying in Demat under PoA or shares yet to be received from Stock Exchange
   2. E-DIS menu for shares lying in Demat Account but PoA not given.

As and when client want to sale the shares as Delivery, they need to place sale order. They have two options :

1. Place Normal Delivery Sale Order for holding lying in Demat under PoA or shares yet to be received from Stock Exchange
2. First do E-DIS, add the shares in Holding Equity Report and then place Normal Delivery Sale Order.

E-DIS is new concept and getting matured. Presently E-DIS would be valid for same Trading Day. We are working on solution where When you Do E-DIS once for any particular stock you would be able to see that stock for next 90 Days, in Equity Holding Report and would be able to sale. You would not be subject to E-DIS every day.

You have two Options now :

1. Give POA of your Demat Account, voluntarily
2. Keep doing E-DIS everyday till we go live with new system which is under development and may be live in 4 weeks time.