| High Level FPI Transaction Flow- Equity Purchase |
| 1 | Request for placing buy Order | Client | T-1/T |
| 2 | Order placed on BSE's trading platform | TM/Broker | T |
| 3 | Order executed on BSE's trading platform | BSE | T |
| 4 | Executed orders details provided to the Clearing Corporation (ICCL) for settlement | BSE | T |
| 5 | Executed order details advised to the client | TM/Broker | T |
| 6 | Initiate remittance of funds | Client | T |
| 7 | Client's bank remits funds (in FC) to the Custodian's (DDP) bank | Client's Bank | T |
| 8 | Custodian (DDP) advised of the funds remittance | Client | T |
| 9 | Trade details and contract note forwarded to the Custodian (DDP) | TM/Broker | T |
| 10 | Trade Instruction provided to the Custodian (DDP) | Client | T/T+1 |
| 11 | Trades made available to the Custodian (DDP) for confirmation | ICCL | T/T+1 |
| 12 | Trades confirmed to the Clearing Corporation (ICCL) | Custodian (DDP) | T+1 |
| 13 | Custodian's clearing bank instructed to transfer funds to the Clearing Corporation (ICCL) | Custodian (DDP) | T+1 |
| 14 | Clearing bank confirms receipt of funds to the Clearing Corporation (ICCL) | Clearing Bank | T+1 |
| 15 | Clearing Corporation (ICCL) transfers securities to the Custodian's (DDP) DP | ICCL | T+2 |
| 16 | Trade details are provided to the tax consultant | Custodian (DDP) | T/T+1/T+2 |