The National Stock Exchange of India Limited on 13th December 2021 has introduced two new columns in the reporting formats of existing submission ‘Cash & Cash Equivalent balances’ in order to enable members to upload details of client’s bank account & demat account.
NSE in its earlier circular directed the members to to set aside the funds and securities in separate Client Bank/Client collateral Demat account for those clients for whom member is unable to settle their accounts due to non-availability of client’s bank account & demat account details and non-traceability of client. Further, members in this regard were also required to submit UCC wise fund balance information to the Exchange along with details of client bank account where these unclaimed / untraced clients funds are parked.
Further in order to capture the details of cash collateral collected from client for MTF positions, one column has also been added. Revised format shall be applicable for the week ending on January 15, 2022, and onwards.
The system, after incorporating the above-mentioned changes, shall be made available by the Exchange for testing, and the same shall be informed to the members through a separate circular, in due course. Members will have to submit the data for all calendar days of the week except Sunday on or before the next four trading days of subsequent week.
The first submission with revised format shall have to be made for the week ending on January 15, 2022, the due date of which will be January 20, 2022, and for each week thereafter. Till such time, Members are advised to upload the ‘Cash & Cash Equivalent Balances’ as per the current process.
