Process Of Early Pay-In Of Securities/Funds In Equity Cash Segment.

Members of the Exchange are hereby informed, that an additional facility of Early Pay-in of Securities (EPN) and Early Pay-in of Funds (EPF) without requirement of uploading .EPN and .EPF files for client details is also being provided to members.

At present, for availing margin exemption through early pay-in of securities the members effect early pay-in of securities in Depository system and upload .EPN file for client details. In case of early-pay-in of funds members effect funds transfer from their Clearing Banks in ICCL Settlement Account and upload .EPF file for client details.

In this connection, members may note the following :

• In case of early pay-in of securities done by a member without .EPN file the benefit of early pay-in would be provided by the system on the clients’ scrip-wise net sale positions for a member.
• In case of early pay-in of funds done by a member without .EPF file the benefit of early pay-in would be provided by the system on proportionate basis on the clients’ net purchase positions for a member.
• However, members are required to pass on appropriate early pay-in benefits of margin exemption to the respective clients.
• Subsequently, during market hours if client details (i.e .EPN/.EPF files) are received from the member, the system will re-allocate the early pay-in of securities / funds based on such files.

All other processes pertaining to Early Pay-in of Securities and Early Pay-in of Funds would remain unchanged.

In case of any clarification members may contact their respective Relationship Manager or following officials:

For and on behalf of Indian Clearing Corporation Ltd.

Asst. General Manager.