17th
August 2010
Trading Members are aware that
presently margin relief for early pay-in of securities in C-Star is available
only after the trading hours and there has been a pressing demand from the
trading members participating in C-Star trading system to introduce the same during
the continuous trading session also.
Upon review of the matter along with software
vendor, some software changes in the trading system of the Exchange have been
carried out in the Phase I of the implementation to provide margin relief to
the trading members during the continuous trading session for their
Early/Advance pay-in of securities for their trading in C-Star with effect from
Friday, 20th August 2010.
For availing the margin relief during
the continuous trading session, trading members are required to inform the
Exchange about their advance/early pay-in of securities in the following format
immediately after issuance of advance/early pay-in instruction to their DP.
|
Settlement No. |
Member code |
Scrip ISIN No. |
Client Code |
Quantity |
|
|
|
|
|
|
The above information should be
furnished to the Market Operations Department of the Exchange at the Trading
Hall either through e-mail or fax or through a letter. Only upon receipt of the said information
from the trading members, the Market Operations Department shall verify the same
from the NSDL/CDSL interface and forward the information along with Client Code
(by manual updation) to the software team for consideration and updation in the
Trading Software.
Once, the file is updated in the
trading system, the margin updations will take place after a fresh trade by the
trading member.
The Exchange is advising the software
vendors to provide a front end solution wherein members can upload
advance/early pay-in information instead of sending the information to MOP and
the same can be matched with NSDL/CDSL early pay-in files by the software for
consideration in the trading system directly without manual intervention, in
the 2nd Phase.
Members may kindly note that the
Exchange proposes to download early pay-in status from NSDL/CDSL interface once
before the continuous trading hours and thereafter at an hourly interval till
2.00 P.M.
All communications for early pay-in of
securities shall be addressed to:
Manager (MOP)
7, Lyons Range,
Market Operations Dept.
Trading Hall
Kolkata - 700 001.
e-mail :
asismaity@cse-india.com
Fax No. : 033-2210-4500
Trading members may avail this
advance/early pay-in of securities facility for availing margin relief.
DGM (Surveillance, MOP &
Securities)