The Indian Clearing Corporation Limited (ICCL) on November 06, 2024, issued the notification regarding the Enhancement of operational efficiency and Risk Reduction – Pay-out of securities directly to client demat account – Go Live & Other Details.
The following has been stated namely: -
• CUSPA / CSMFA marking:
o CTM File Format: Sample file format is attached for your ready reference.
o CTM Files to be uploaded on ‘Extranet’ portal of BSE/ICCL.
o Validations added in EXTRANET application while uploading a CUPSA / CSMFA marking file.
• In case of any shortages arising due to inter se netting of positions between clients i.e., internal shortages as well as External shortages, ICCL shall be identifying all such pay-in shortages and conducting auction on behalf of the member for such shortages. This shall be implemented from the date of implementation of ‘Direct Pay-Out’ to clients i.e. from Trade Date November 08, 2024 and Settlement Date November 11, 2024 onwards.
[Notification No. 20241106-45]
