1. Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 Functioning of Secondary Market 1 Different persons, involved for a smooth Secondary Market process  Buyer  Seller  Share Brokers of Buyer & Seller  Recognised Stock Exchanges  Clearing Corporations  Depository Participants  Bankers Next

2. Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 2 NextPrevious Functioning of Secondary Market Buyer placing a “Buy Order” Seller placing a “Sell Order” Through a Stock Broker Through a Stock Broker On the Recognised Stock Exchange If the Orders are matching, they will get executed.

3. Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 3 NextPrevious Functioning of Secondary Market Buyer issues Cheque Seller releases Security Through the Stock Broker Through the Stock Broker To the Clearing Corporation

4. Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 4 NextPrevious Functioning of Secondary Market Buyer receives Securities Seller receives Funds Through the Stock Broker Through the Stock Broker Clearing Corporation Releases Funds Releases Securitites

5. Aditya Birla Money Limited Copyright Aditya Birla Nuvo Limited 2008 Thank you 5 Replay