| Intimation regarding date of operationalisation of interoperability through the Designated Clearing Corporation (DCC). |
All Members,
This is in reference to the joint press release issued today by Stock Exchanges and Clearing Corporations regarding implementation of interoperability among Clearing Corporation.
In order to enable members to operationalise interoperability in a non-disruptive manner, the Clearing Members may choose the date from which they wish to operationalise clearing under interoperability facility with their respective designated Clearing Corporations.
The earliest date for operationalisation of interoperability shall be June 3, 2019. The date of operationalisation of interoperability may be any Monday from June 3, 2019 onwards and the Clearing Members shall be required to mandatorily move to interoperable framework by July 01, 2019.
Members are also requested to note that the revised report formats shall be applicable from June 03, 2019.
The timelines for submission of date of operationalization of interoperability shall be as under:
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Date of operationalisation
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Intimation to be submitted by
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June 3, 2019
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May 30, 2019
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June 10, 2019
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June 6, 2019
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June 17, 2019
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June 13, 2019
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June 24, 2019
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June 20, 2019
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July 1, 2019
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June 27, 2019.
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The format for intimation is provided as Annexure-1. The notification under the annexure may be sent by email to the email ID ravindra.palande@icclindia.com/ praveen.poojary@icclindia.com by way of scan copy of the letter.
For any clarifications, Members may contact their respective Relationship Managers or on any of the following contact no.:
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Coordinates
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22728308/8365/8788
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For and on behalf of Indian Clearing Corporation Ltd.
Ravindra Palande
Dy.General Manager.
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