How to Map a Custodian Account with Jainam?

How to Map a Custodian Account with Jainam?

What is a custodian account?
A custodian account is an account where a custodian (a financial institution) holds the securities or assets of an investor, typically NRIs or institutional investors. Custodians safeguard these assets and ensure compliance with regulatory requirements, particularly for trades like Futures & Options (F&O).

What is Orbis?
Orbis is a third-party platform that manages custodial services for NRIs or foreign investors. It facilitates compliance and oversees the settlement of NRI funds for transactions routed through custodian accounts.

Who Needs to Map a Custodian Account?
Mapping a custodian account is mandatory for clients who wish to trade in the Futures & Options (F&O) segment. NRIs and FPIs must map their custodian accounts with Jainam Broking to ensure compliance with SEBI and RBI regulations.

Steps to Map a Custodian Account with Jainam:

  1. Obtain Custodian Details:Collect the following information from your custodian:
    1. Custodian name and account number.
    2. Unique Custodian Code or Orbis ID.
    3. Participant ID and transaction limits (if applicable).
  2. Provide a Custodian Code: Share your custodian code/Orbis ID with Jainam for mapping.
  3. Broker Setup: Inform Jainam about your intent to map the custodian account and submit the Orbis mapping form, which includes custodian details and agreement terms.
  4. Custodian Verification: Your custodian will verify the details and authorize the linkage between your custodian account and Jainam's trading platform.
  5. Confirmation and Activation: Once verification is complete, Jainam will activate the linkage within a few days, enabling you to trade under the custodian framework.
  6. Submit required documents: The following documents need to be couriered to Jainam House:
    Jainam Broking Limited
    Jainam House,
    Kargil Chowk,
    Piplod: 395007,
    Surat, India.
DocumentPurpose 

Permission to link the custodian account.

Declaration for Auto-Confirmation FunctionalityRequired for exchange auto-confirmation functionality
FEMA Declarations

Compliance with tax and foreign exchange regulations.

NSE F&O Account Pack

Orbis checklist (NSCF Account Pack)

For F&O account opening

Ensures all Orbis requirements are met

Orbis Global Tax InformationDetails for tax compliance

TINS (Taxpayer Identification Number)

The common TINs are as follows:
1. USA: SSN, EIN or ITIN
2. Canada: SIN
3. UK: UTR or NINO
4. Singapore: NRIC or FIN
5. Australia: TFN

For international tax compliance.

KYC and PAN Details

Identity verification and compliance with SEBI rules.


RELATED FACTS:

  • Custodian mapping is mandatory for F&O trading but not required for delivery-based equity trades, which are routed via PIS
  • Orbis ensures smooth settlement of NRI funds and compliance with global and Indian regulations.
  • Mapping ensures all trades are reported correctly under the custodial system.