1 / 16

Tagging of CDS Accounts with NCSS Client Codes ( Back Office IDs )

Tagging of CDS Accounts with NCSS Client Codes ( Back Office IDs ). Automation of Securities Transfer. Dated November 29, 2010. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs ).

eunice
Download Presentation

Tagging of CDS Accounts with NCSS Client Codes ( Back Office IDs )

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) Automation of Securities Transfer Dated November 29, 2010

  2. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) • With the implementation Automation of Securities Settlement in CDS it has been mandatory for all Client Codes (Back Office IDs) to have underlying CDS Account. • Client Codes (Back Office IDs) without having CDS Account would not be eligible for trading after the implementation of said project. • Accordingly, on each settlement day (SD) securities shall be moved directly from respective sellers’ Sub/House/Main Account to the buyers’ Sub/House/Main Account based on the UIN under blocked status till the fulfillment of all NCSS settlement obligation.

  3. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) • It is, therefore, essential that all Client Codes (including proprietary account) of each Broker Clearing Member (“BCM”) should be tagged with the respective CDS sub/house Account. • Accordingly, NCCPL has made changes in “NCSS UIN Setup Screen” whereby, BCMs can tagged each Client Code with the respective CDS Accounts having same UIN. • In case of multiple Sub-accounts and House-accounts in CDS against a Client Code, BCM shall be required to tag one sub or house account with the respective Client Codes.

  4. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) • BCM can select one CDS Account for many Client Codes of same UIN or may opt for different CDS Accounts for different Client Codes with same UIN. However, the UIN(s) appearing in the CDS account should be exactly similar to the UINs appearing in the NCSS UIN Registration Detail. • BCM can update the CDS Account already tagged with the respective Client Code 0f the same UIN during working hours as per NCSS Designated Time Schedule (“DTS”). • At the time of posting of UIN Registration Details, NCSS will verify the CDS Account Number from CDS Account Information Database and will not allow posting where CDS Account Status is marked as “Closed” or “Blocked”. • It is worth mentioning here again that those Client Codes which are not tagged with any Active CDS Account at day end shall not be transmitted to Exchanges for trading purposes.

  5. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) NCSS UIN Setup Screen Modification Following new fields have been made available in the UIN Setup Screen of NCSS: • UIN Category; • CDS Account No; and • CDS Account Status.

  6. Modified UIN Setup Screen

  7. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) UIN Category • In order to tag the Client Code with CDS Account, BCM shall be required to select the following relevant category of such Client Codes: • Regular (for clients having CDS Sub-account with BCM) • CCM (for clients having CDS Sub-account with Custodian Clearing Members) • NBCM(for clients having status of NBCM of NCCPL) • BCM(for proprietary account and broker of other stock exchange in a capacity of its client) • UIN Category once assigned for a Client Code (saved or posted) shall not be allowed to change/update in NCSS. For assigning new category BCM would require to create a new Client Code in NCSS along with its tagging with CDS Account.

  8. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) • Active CDS Account Numbers will be updated on real time basis in NCSS UIN Setup Screen from CDS Account information provided by CDC. • BCM shall be required to tag CDS Account with any one of the following UIN categories through NCSS UIN Set Up Screen: • Category “Regular” is selected for all those clients having CDS Account with BCM. In such case BCM shall be required to select one CDS Account Number by itself. • Category “CCM” is selected for all those clients having CDS Account with the Custodian Banks. In such case BCM shall not be required to select CDS Account Number. • Category “NBCM” is selected for all institutional clients acquiring status of Non-Broker Clearing Member of NCCPL. In such case BCM shall also not be required to select CDS Account Number. • Category “BCM” is selected for two different reason: • For Proprietary business, in such case BCM shall be required to select its CDS House Account Number • For clients having status of BCM of other exchange, in such case BCM shall not be required to select CDS Account Number of that BCM.

  9. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) • Following status of CDS Accounts will be updated automatically in NCSS: • Active (For active CDS Account) • Closed (For Closed CDS Accounts) • Blocked (For Blocked CDS Accounts) • In case of change of status as ‘Closed’ and ‘Blocked’ of already tagged CDS Accounts, BCMs are required to re-select any other relevant CDS Account Number.

  10. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) Combination of UIN Tagging Following combination will be used by BCM for the tagging of CDS Account with Client Code for Client Type “Individual” and “Foreigner”

  11. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) Combination of UIN Tagging Following combination will be used by BCM for the tagging of CDS Account with Client Code for Client Type “Corporate/Individual Broker”

  12. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) Combination of UIN Tagging Following combination will be used by BCM for the tagging of CDS Account with Client Code for Client Type “Corporate Company” and “Corporate Fund/Other Organization”

  13. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) Marking of Inter-Exchange Client and Initiating CM BCM can mark Inter Exchange Client and Inter Exchange (Initiating CM) with the following options:

  14. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) • In order to provide maximum details of activities after the implementation of Automation of Securities Settlement, modifications have been made in the existing NCSS Reports along with introduction of three new Reports: • BO- Client-wise Purchase Sale Summary Report (new) • BO- Client-wise Purchase Sale Detail Report (new) • BO- Balance Order Detail-CM Wise report (modified) • BO- Pending Receive Statement Report (modified) • CNS- BO Delivery Default  Statement Report (modified) • UIN- UIN Save Post/Report (modified)

  15. Tagging of CDS Accounts with NCSS Client Codes (Back Office IDs) • Billing- Non-Delivery Charges Report (modified) • CNS- Daily Activity Detail Report (modified) • BO- BO Delivery Movement in main account Report (new) • Download- UIN Save/Post Download (modified)

  16. Thank you ! NATIONAL CLEARING COMPANY OF PAKISTAN LIMITED 8th Floor, Karachi Stock Exchange Building, Stock Exchange Road, Karachi – 74000 Pakistan TEL : (92-21) 3246 0811-19 FAX: (92-21) 3246 0827 E-Mail :badi@nccpl.com.pk, rehansaif@nccpl.com.pk asif@nccpl.com.pk Website : http://www.nccpl.com.pk

More Related