The Bombay Stock Exchange (BSE) on January 25, 2024, notified regarding the Modification of Client Codes Delivery versus payment (DVP) Reporting All Segments.
This is in continuation to the Exchange Notice regarding “Modification of Client Codes (All Segments) – Update and Revised penalty structure”.
As per para 4.2 of the Exchange Notice, Trading members need to report trades settled through the DVP mechanism, The relevant extract of the Exchange Notice is as under:
“For trades settled through the DVP mechanism, Trading Members would need to report the name of entities to whom the trades were settled. The original client would be the client in whose client code the trades were executed, and the modified client code would be the PAN in whose name trades were settled through the DVP mechanism. If the Exchange finds that modified client code is not of / managed by the same institution, penalty shall be levied.”
Given the aforesaid Notice, Trading Members are required to report all DVP transactions daily. This information is required to be uploaded on BEFS (BSE Electronic Filing System) of the Exchange under the module Client Code Modification and sub-module DVP Trades Reporting.
The file format for reporting DVP transactions is enclosed
[Notification No.20240125-42]
