Process Of Early Pay-In Of Securities/Funds In Equity Cash Segment.
Members of the Exchange are hereby informed, that an additional facility of Early Pay-in of Securities (EPN) and Early Pay-in of Funds (EPF) without requirement of uploading .EPN and .EPF files for client details is also being provided to members.
At present, for availing margin exemption through early pay-in of securities the members effect early pay-in of securities in Depository system and upload .EPN file for client details. In case of early-pay-in of funds members effect funds transfer from their Clearing Banks in ICCL Settlement Account and upload .EPF file for client details.
In this connection, members may note the following :
- In case of early pay-in of securities done by a member without .EPN file the benefit of early pay-in would be provided by the system on the clients’ scrip-wise net sale positions for a member.
- In case of early pay-in of funds done by a member without .EPF file the benefit of early pay-in would be provided by the system on proportionate basis on the clients’ net purchase positions for a member.
- However, members are required to pass on appropriate early pay-in benefits of margin exemption to the respective clients.
- Subsequently, during market hours if client details (i.e .EPN/.EPF files) are received from the member, the system will re-allocate the early pay-in of securities / funds based on such files.
All other processes pertaining to Early Pay-in of Securities and Early Pay-in of Funds would remain unchanged.
In case of any clarification members may contact their respective Relationship Manager or following officials:
|Sr. No.||Name||Contact No.||Remarks|
|01.||Mr. Ajay Darji||2272 8468||Queries related to Early Pay-in of Securities|
|02.||Mr. Nilesh Shah||2272 8704||Queries related to Early Pay-in of Securities|
|03.||Ms. Simranjit Sadana||2272 5163||Queries related to Early Pay-in of Securities|
|04.||Mr. Nishil Lalan||2272 8567||Queries related to Early Pay-in of Funds|
|05.||Mr. Rayan Menezes||2272 8467||Queries related to Early Pay-in of Funds|
For and on behalf of Indian Clearing Corporation Ltd.
Asst. General Manager.