The Indian Clearing Corporation Limited (ICCL) on October 08, 2024, issued a notification regarding enhancement of operational efficiency and Risk Reduction – Operating guidelines for the Pay-out of securities directly to client demat account – CUSPA / CSMFA & Internal Auction Vis-Vis Self Auction.
The following clarifications have been issued: -
•Add/Delete Flag in Pay-Out File:
Records with a ‘Delete’ flag will be processed based on the uniqueness of the identifier ‘CM-TM-UCC-ISIN-CTM FLAG’.
The quantity field will not be considered.
•ISIN Code:
Traded ISINs must be included in the CTM marking file on the transaction day (T Day) and the following day (T+1).
•Status Report:
The existing ‘RCBCF’ report will be provided to members at 9:00 AM on the settlement date as a provisional status report for uploaded CTM files.
•File Naming Convention Changes:
Proposed changes in circular 20241003-35 will be implemented with a change in the file naming convention.
The addition of the ‘UCC’ field to the file format is reversed; the new naming convention will be emphasized in bold and underlined compared to the previous format.
The detailed notification is given in the document below.
[Notification No. 20241008-62]
