Sub.: Give-up/ Take-up to be based on the traded price instead of the contract value in the Equity Cash Segment under interoperability framework.
Members and Custodians are hereby informed that, w.e.f. Trade Date July, 01, 2019, Sett.No.1920063 (i.e Give-up/Take-up from July 02,2019) in case of Give-up entries, the Trading Members shall be required to enter the traded value (instead of the existing process of contract value i.e net settlement value) in the Give-up/Take-up screen of the RTRMS module for Equity Cash Segment. The Custodians shall be required to accordingly confirm the Give-up entries as per the traded value. Accordingly, all settlement obligations would be provided to the members and Custodians as per the Traded Value of the positions marked for Give-up/Take-up.
There will not be any change in the existing file format for Give-up/Take-up for trading members and Custodian in RTRMS
All other norms/processes for Give-up/Take-up process for Equity Cash Segment will remain unchanged.
Members and Custodians are also requested refer Notice No.20190614-19 and note that, trades executed under only INST and SPLCLI should be uploaded for Give-up / Take-up (6A/7A) process, accordingly the Give-up / Take-up for the positions in the client type other than INST and SPLCLI will not be considered for settlement through Custodian and same will be part of clearing member’s obligation.
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
Dy. General Manager Asst. General Manager