November 23, 2020
Sub.: Changes in the Give-up / Take-up module for Equity Cash Segment
With reference to the Exchange Notice No.20200911-47 dated September 11, 2020 and ICCL Notice No. 20201020-1 dated October 20, 2020, Notice No. 20201001-2 dated October 01, 2020 and Notice No.20201107-03 dated November 07, 2020, Members and Custodians are requested to note that for Sett.No.2021168 trade date Friday, November 27, 2020, give-up / take-up process will be as per existing system and accordingly T+1 day give-up / take-up of sett.no.2021168 on Tuesday, December 01, 2020 will be as per existing process and will be required to be done in RTRMS in existing menu.
Changes in the process of Give-up / Take-up as mentioned in the aforesaid notices will be implemented w.e.f. Sett.No.2021169 trade date Tuesday, December 01, 2020 (T day). Accordingly, give-up / take-up w.e.f. sett.no.2021169 should be done by members and custodians as per new process through new menu provided in RTRMS. Kindly refer User Manual provided in Annexure 1.
Timings for Give-up / Take-up sessions as per the new process w.e.f. Sett.No.2021169 trade date Tuesday, December 01, 2020 will be as follows:
Process
|
Timings
|
CP Code modifications
|
T day upto 04:15 p.m.
|
CP Trade will be available for view and download to the Custodian
|
T day after 04:45 p.m.
|
CP Code allocation to INST Trade by members
|
T day after 04:45 p.m.
T+1 day allocation upto 10:30 a.m. *
|
Confirmation by custodians
|
T day CP trades upto 07:30 p.m.
T+1 upto 01:00 p.m.
|
Black-out window (No allocation / confirmations will be permitted)
|
T day between 07:30 p.m. to 08:00 p.m.
|
* At present, in case of settlement holiday give-up window in RTRMS is available till T+1 day. However, w.e.f. December 01, 2020, give-up window the RTRMS will be available till next trading day only even if it is settlement holiday.
For any clarifications, Members / Custodian may contact their respective Relationship Managers or on any of the following contact nos.:
For Indian Clearing Corporation Ltd.
Sanjay Narvankar Ajay Darji
ADGM Dy. General Manager |