Settlement process for bids placed on Non Competitive Bidding (NCB) platform
- Settlement of bids placed by member brokers on BSE's NCB platform (non-competitive bidding facility to participate in Auction for Government Securities conducted by Reserve Bank of India (RBI).
Process for funds pay-in and securities pay-out pertaining to bids on NCB Platform:
- Members need to transfer funds in respect of the bids for NCB-Gsec Segment in the designated Clearing Bank account of ICCL before the prescribed timelines by ICCL from time to time.
- The process of transferring funds through the collateral module is the same as that of Equity Cash Segment. However, while instructing the Clearing Banks for the same, the members should specify the segment as NCBGSEC segment of BSE.
- The bids for which funds pay-in is not done by the participants by the prescribed timelines are liable to be rejected.
- The allotted securities received from the RBI will be transferred to respective investor's demat account. In case the securities do not get transferred to the investor's demat account, then the same will be transferred to respective Member's pool a/c for onward transfer to their clients.
- Settlement of bids placed by investors directly on BSE's NCB platform (non-competitive bidding facility to participate in Auction for Government Securities conducted by RBI).
Amount to be transferred is displayed at the time of Bid Entry and once the Bid is submitted it will be available in the Order Book.
To transfer funds, investor has to use the same Bank Account linked to the Demat Account with the Depository within the cut off time as published by BSE.
Investor can transfer funds via NEFT/RTGS to the designated Account of Clearing Corporation (ICCL).
The allotted demat securities received from the RBI will be transferred to respective investor's demat account.
For details and latest updates participants may refer BSE and ICCL circulars and any other circulars issued from time to time.