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Dear SharePro User,
Segregation and Monitoring of Collateral at Client Level
This is with reference to SEBI circular SEBI/HO/MRD2_DCAP/CIR/2021/0598 dated July 20, 2021, on the captioned subject matter. As per Para 4 of the SEBI circular, with a view to providing visibility of client-wise collateral (for each client) at all levels, viz., TM, CM, and Clearing Corporation (CC), a reporting mechanism, covering both cash and non-cash collaterals have been specified by the Clearing Corporations.
SharePro has released v1 of the compliance requirement and can be downloaded from stansoftware.com. The version supports the generation of the exchange upload format .and discussed some points below
Step I: Setup
As shown in the screenshot below, login as MANAGER and go to Environment Setup and specify that you are a Clearing Member (CM) or a Trading Member (TM) and fill up the PAN number of your CM if you are a TM.
Step II: Please import the “Exchange Approved Securities File” once again for the determination of the Cash Component in the Approved Securities. See the snapshot below :
Step III: The following account heads will be automatically created in the system the first time you generate Accounting Journals.
Point 3: – Added the following account codes for the Calculation of Cash, FDR,BG retained by the CM Or CC
Point 4: – Screenshot for the report generation
Point 5:- Screen displays the calculation which shown in tab pages as per the exchange circular and generates the file
SharePro: Segregation and Monitoring…..Release v1.0
- SharePro: Handling of Cleared/Uncleared Receipts from Clients
- SharePro: Instrument-Wise Cost Summary Band in Contract Note