abhishreshthaa
Abhijeet S
Settlements – Daily MTM Settlement
When is Daily MTM Settlement done ?
The information on MTM amount ( paid or received) by the broker is given thru the Extranet at the end of the day
Actual payment and receipt of funds will be made by the Member on the next trading day i.e T+1. (‘T’ being the trade date)
How does the Transfer of funds happen?
Payment will be done through a designated Clearing bank of the Exchange
The Broker makes arrangement for funds in his Settlement A/c with the bank
Instruction to the Bank for debiting/crediting the broker’s account will be sent by the Clearing Corporation (NSCCL)
Settlements – Daily MTM Settlement
What are the other payments to be made ?
Besides the MTM , Daily Margin payments will be made by the Members
Margin files will be downloaded on the Extranet
Member arranges for funds in the Settlement A/c
The Clearing Corporation debits the funds on the next day after the trading date.
What happens in case of failure ?
If the Member fails to make the payment of MTM or Margin amount, trading terminal is disabled immediately
Trading will commence on deposit of funds by the Member
Settlements – Daily MTM Settlement
Where is the information on Daily Settlement available?
All information pertaining to Settlements is available on the Member Extranet
This is available in specific folders for the Members
How do I access the Extranet?
Thru the VSAT / Leased Lines connectivity using FTP protocol
Login using Trading member Id and password during non-trading hours
When is Daily MTM Settlement done ?
The information on MTM amount ( paid or received) by the broker is given thru the Extranet at the end of the day
Actual payment and receipt of funds will be made by the Member on the next trading day i.e T+1. (‘T’ being the trade date)
How does the Transfer of funds happen?
Payment will be done through a designated Clearing bank of the Exchange
The Broker makes arrangement for funds in his Settlement A/c with the bank
Instruction to the Bank for debiting/crediting the broker’s account will be sent by the Clearing Corporation (NSCCL)
Settlements – Daily MTM Settlement
What are the other payments to be made ?
Besides the MTM , Daily Margin payments will be made by the Members
Margin files will be downloaded on the Extranet
Member arranges for funds in the Settlement A/c
The Clearing Corporation debits the funds on the next day after the trading date.
What happens in case of failure ?
If the Member fails to make the payment of MTM or Margin amount, trading terminal is disabled immediately
Trading will commence on deposit of funds by the Member
Settlements – Daily MTM Settlement
Where is the information on Daily Settlement available?
All information pertaining to Settlements is available on the Member Extranet
This is available in specific folders for the Members
How do I access the Extranet?
Thru the VSAT / Leased Lines connectivity using FTP protocol
Login using Trading member Id and password during non-trading hours