February 27, 2019
Subject: Process of early pay-in of securities/funds in Equity Cash Segment under TM / CM set-up
Attention of the members is drawn to BSE circular No.20190116-32 dated January 16, 2019 and ICCL circular No.20190218-17 and No.20190218-35 dated February 18, 2019. In this connection, Clearing Members are requested to follow the below-mentioned process for early pay-in pertaining to the Trading Members (TMs) clearing through them:
Early pay-in of securities:
Early pay-in instructions are to be given by the Clearing Members from their Depository Pool/Early pay-in Account on behalf of their TMs. For this purpose, Trading Members would transfer securities from their Demat Pool Account to the Clearing Member’s Demat Pool/Early Pay-in Account as per the respective depository process.
For allocation of early pay-in against the respective Trading Members, the Clearing Members would need to provide Trading Member’s Clearing No. in the field “TM Code No.” in the existing .EPN file (i.e securities early pay-in file). Self-Clearing Members (SCM) need to update their own Clearing No. in the “TM Code No.” field as per the existing process. Other details in the EPN file would remain the same. Such EPN files to be uploaded by the respective Clearing Members on the Extra-net as per the existing process.
Early pay-in of funds:
Early pay-in instructions are to be given by the Clearing Members from their settlement account with the designated Clearing Bank through the Collateral Module as per the existing process.
For allocation of early pay-in against the respective Trading Members, the Clearing Members would need to provide Trading Member’s Clearing No. in the field “TM Code No.” in the existing .EPF file (i.e funds early pay-in file). Self-Clearing Members need to update their own Clearing No. in the “TM Code No.” field as per the existing process. Other details in the EPF file would remain the same. Such EPF files to be uploaded by the respective Clearing Members on the Extra-net as per the existing process.
There would be no change in the process of EPN file and EPF file for Custodian Members.
EPN File uploaded by Clearing Members
EPN File format : File Name - Eccccsssnn.EPN
E -- Early Pay-In file identification
cccc -- Clearing No. of Clearing Member (CM)
sss -- Settlement No
nn -- incremental no. starting with 01 for each settlement no.
EPN -- Early pay-in File of Securities
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Field Name
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Type
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Size
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Format
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Constraint
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Description
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TM Code No.
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INTEGER
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4
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9999
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Not Null
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Trading Member Code (TM)
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Financial Year
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INTEGER
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4
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1819
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Not NULL
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Settlement Financial Year i.e., for 2018-2019 it will be as 1819
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Settlement Number
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INTEGER
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4
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9999
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Not Null
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BSE Settlement Number for which the early pay-in is uploaded e.g. of sett.no. is 123 then 0123
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Scrip Code
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INTEGER
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6
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999999
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Not Null
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Scrip Code for which the early pay-in of Security.
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Client Code / CP Code
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CHAR
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11
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AAAAA123456
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Not Null
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Client code / CP code of the member for which the early pay-in of funds should be effected. (In case of code less than 11 characters, spaces should be added after client code to make field size as 11)
|
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Quantity
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INTEGER
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9999999
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Not Null
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In case of quantity is less than 7 digit, zero should be added before quantity to make field size as 7)
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Sample record of .EPN file E012399901.EPN
(CM Clg. No. – 123, Sett.No.999 uploading file for TM Code No. - 1 and TM Code No.- 2)
000118190999500010TM1234567890001234
000218190999500010TM2 1234567
EPF File uploaded by Clearing Members
EPF File format : File Name - Fccccsssnn.EPF (pipe separated)
F -- Early Pay-In file identification
cccc -- Clearing No. of Clearing Member (CM)
sss -- Settlement No
nn -- incremental no. starting with 01 for each settlement no.
EPF -- Early pay-in File of funds
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Field Name
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Type
|
Size
|
Format
|
Constraint
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Description
|
|
TM Code No.
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INTEGER
|
4
|
9999
|
Not Null
|
Trading Member Code (TM)
|
|
Financial Year
|
INTEGER
|
4
|
1819
|
Not NULL
|
Settlement Financial Year i.e., for 2018-2019 it will be presented as 1819
|
|
Settlement Number
|
INTEGER
|
4
|
9999
|
Not Null
|
BSE Settlement Number for which the early pay-in is uploaded e.g. of sett.no. is 123 then 0123
|
|
Scrip Code
|
INTEGER
|
6
|
999999
|
Not Null
|
Scrip Code for which the early pay-in of funds.
|
|
Client Code
|
CHAR
|
11
|
AAAA1234567
|
Not Null
|
Client code of the member for which the early pay-in of funds should be effected.
|
|
Amount
|
INTEGER
|
14
|
99999999999999
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Not Null
|
Amount should be in Paise
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Members may further note that:
· In case of early pay-in of securities is done by a Clearing Member without .EPN file, then the benefit of early pay-in would be provided by the system on random basis for a members on security-wise net sale positions.
· In case of early pay-in of funds is done by a Clearing Member without .EPF file, then the benefit of early pay-in of funds would be provided by the system on proportionate basis for a member on net purchase positions for a member.
· However, members are required to pass on appropriate early pay-in benefits of margin exemption to their respective clients.
In case of any clarification members may contact their respective Relationship Manager or following officials:
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Email
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Contact No.
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Remarks
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bse.csd@bseindia.com
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22728468/8223/8704/5163
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Queries related to Early Pay-in of Securities
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2272 8467/8567
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Queries related to Early Pay-in of Funds
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bsehelp@bseindia.com
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022-30594000
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BSE Help Desk
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For Indian Clearing Corporation Ltd.
Hitesh Shah Ajay Darji
Dy. Gen. Manager Asst. Gen. Manager
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