While most of the issuers of debt instruments prefer to admit their securities with both depositories, there may still be a few, who, being not aware of the benefits of admitting their securities with both the depositories, might have been admitting debt securities in either one of the depositories. As in case of equity, the admission of debt instruments with both the depositories permits movement between buyers and sellers across the depositories. This improves marketability of the securities, leads to better price discovery and offers an opportunity to accountholders across the depositories to be able to make investment in such instruments. SEBI, through its circular dated November 1, 2002 has made it mandatory for the issuers to admit their debt instruments on both the depositories. Similarly, RBI has made it mandatory for the Banks, Financial Institutions, Primary Dealers, Mutual Funds etc. to hold their portfolios as also to make investments only in demat form.