In the context of off-market transfers of securities, "Reason/Purpose" refers to the justification for transferring the shares, while "Consideration" signifies the financial value or price agreed upon for the transfer.

Reason/Purpose:

The "Reason/Purpose" for an off-market transfer helps explain why the transfer is being initiated. Examples include a transfer between family members, a gift, or a transfer between accounts with the same ownership pattern.

The reason must be clearly documented on the delivery instruction slip (DIS).

Specific reason codes are provided by Depository Participants (DPs) to categorize the reason for the transfer.

Consideration:

"Consideration" represents the amount of money or other value that changes hands during the transfer.

If a transfer involves a payment or value exchanged, it is considered a "consideration" and must be mentioned on the delivery instruction slip.

The consideration amount is also relevant for calculating stamp duty, which may be applicable to off-market transfers.

In summary:

Reason/Purpose: The explanation or justification for the transfer.

Consideration: The financial value or price involved in the transfer.