Trades and transactions settled by NCSS, under
Balance Order Multilateral Netting with T+2 and T+1 settlement
cycle, are of two types:
1) Exchange Transactions
2) Non-Exchange Transactions
Exchange Trades / Transactions
Exchange Trades are Locked-in contracts between
brokers, CMs executed through Exchange trading system in the
Regular Market.
Exchange Transactions are Locked-in contracts
between brokers CMs executed through Exchange Trading System.
Moreover, net-buy or net sell position of broker CMs based
on their futures contracts at the close of Futures Contract
Period transmitted to NCSS for settlement.
Non-Exchange Transactions
Non-Exchange Transactions are generated in NCSS based
on underlying Exchange Trades/Transactions and are classified
into three categories.
1) Broker to Broker (BTB) Delivery System facilitates
non-Exchange transaction between broker CMs of different exchanges
based on underlying exchange trader.
2) Institutional Delivery System (IDS) facilitates
non-Exchange transactions between broker CMs and non-broker
CMs based on underlying Ready market trades and Deliverable Future Contract Market. Moreover, IDS shall also facilitate NBCMs to
settle the Future market trades at the closure of contract.
3) Margin Financing (MF) facilitates Broker
CMs to arrange funds from other Broker/ Non Broker CMs based
on their purchases. |
