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Notices
Notice No20190227-45Notice Date27 Feb 2019
CategorySettlement/RMSSegmentGeneral
SubjectProcess of early pay-in of securities/funds in Equity Cash Segment under TM / CM set-up
Content

February 27, 2019

 

Subject: Process of early pay-in of securities/funds in Equity Cash Segment under TM / CM set-up

 

Attention of the members is drawn to BSE circular No.20190116-32 dated January 16, 2019 and ICCL circular No.20190218-17 and No.20190218-35 dated February 18, 2019. In this connection, Clearing Members are requested to follow the below-mentioned process for early pay-in pertaining to the Trading Members (TMs) clearing through them:     

 

Early pay-in of securities: 

 

Early pay-in instructions are to be given by the Clearing Members from their Depository Pool/Early pay-in Account on behalf of their TMs. For this purpose, Trading Members would transfer securities from their Demat Pool Account to the Clearing Member’s Demat Pool/Early Pay-in Account as per the respective depository process.

 

For allocation of early pay-in against the respective Trading Members, the Clearing Members would need to provide Trading Member’s Clearing No. in the field “TM  Code No.” in the existing .EPN file (i.e securities early pay-in file). Self-Clearing Members (SCM) need to update their own Clearing No. in the “TM Code No.” field as per the existing process. Other details in the EPN file would remain the same. Such EPN files to be uploaded by the respective Clearing Members on the Extra-net as per the existing process.

 

Early pay-in of funds: 

 

Early pay-in instructions are to be given by the Clearing Members from their settlement account with the designated Clearing Bank through the Collateral Module as per the existing process.

 

For allocation of early pay-in against the respective Trading Members, the Clearing Members would need to provide Trading Member’s Clearing No. in the field “TM Code No.” in the existing .EPF file (i.e funds early pay-in file).  Self-Clearing Members need to update their own Clearing No. in the “TM Code No.” field as per the existing process. Other details in the EPF file would remain the same. Such EPF files to be uploaded by the respective Clearing Members on the Extra-net as per the existing process.

 

There would be no change in the process of EPN file and EPF file for Custodian Members.

 

EPN File uploaded by Clearing Members

EPN File format                      :           File Name - Eccccsssnn.EPN

E      -- Early Pay-In file identification

cccc -- Clearing No. of Clearing Member (CM)

sss   -- Settlement No

nn     -- incremental no. starting with 01 for each settlement no.

                                                            EPN  -- Early pay-in File of Securities

 

Field Name

Type

Size

 

Format

Constraint

Description

TM Code No.

INTEGER

4

9999

Not Null

Trading Member Code (TM)

Financial Year

INTEGER

4

1819

Not NULL

Settlement Financial Year i.e., for 2018-2019 it will be as 1819

Settlement Number

INTEGER

4

9999

Not Null

BSE Settlement Number for which the early pay-in is uploaded e.g. of sett.no. is 123 then 0123

Scrip Code

INTEGER

6

999999

Not Null

Scrip Code for which the early pay-in of Security.

Client Code / CP Code

CHAR

11

AAAAA123456

Not Null

Client code / CP code of the member for which the early pay-in of funds should be effected. (In case of code less than 11 characters, spaces should be added after client code to make field size as 11)

Quantity

INTEGER

 

9999999

Not Null

In case of quantity is less than 7 digit, zero should be added before quantity to make field size as 7)

 

Sample record of .EPN file E012399901.EPN

(CM Clg. No. – 123, Sett.No.999 uploading file for TM Code No. - 1 and TM Code No.- 2)

000118190999500010TM1234567890001234

000218190999500010TM2        1234567

 

 

EPF File uploaded by Clearing Members

EPF File format                      :           File Name - Fccccsssnn.EPF (pipe separated)

F      -- Early Pay-In file identification

cccc -- Clearing No. of Clearing Member (CM)

sss   -- Settlement No

nn     -- incremental no. starting with 01 for each settlement no.

                                                            EPF  -- Early pay-in File of funds

 

Field Name

Type

Size

 

Format

Constraint

Description

TM Code No.

INTEGER

4

9999

Not Null

Trading Member Code (TM)

Financial Year

INTEGER

4

1819

Not NULL

Settlement Financial Year i.e., for 2018-2019 it will be presented as 1819

Settlement Number

INTEGER

4

9999

Not Null

BSE Settlement Number for which the early pay-in is uploaded e.g. of sett.no. is 123 then 0123

Scrip Code

INTEGER

6

999999

Not Null

Scrip Code for which the early pay-in of funds.

Client Code

CHAR

11

AAAA1234567

Not Null

Client code of the member for which the early pay-in of funds should be effected.

Amount

INTEGER

14

99999999999999

Not Null

Amount should be in Paise

 

Members may further note that:

 

·         In case of early pay-in of securities is done by a Clearing Member without .EPN file, then the benefit of early pay-in would be provided by the system on random basis for a members on security-wise net sale positions.

 

·         In case of early pay-in of funds is done by a Clearing Member without .EPF file, then the benefit of early pay-in of funds would be provided by the system on proportionate basis for a member on net purchase positions for a member.

 

·         However, members are required to pass on appropriate early pay-in benefits of margin exemption to their respective clients.

 

In case of any clarification members may contact their respective Relationship Manager or following officials:

 

Email

Contact No.

Remarks

bse.csd@bseindia.com

22728468/8223/8704/5163

Queries related to Early Pay-in of Securities

2272 8467/8567

Queries related to Early Pay-in of Funds

bsehelp@bseindia.com

022-30594000

BSE Help Desk

 

 

For Indian Clearing Corporation Ltd.

 

Hitesh Shah                                                                 Ajay Darji

Dy. Gen. Manager                                                      Asst. Gen. Manager