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NSDL Presentation - Automation and STP initiative

NSDL Presentation - Automation and STP initiative. 10 th Cross Training Seminar Asia-Pacific CSD Group June 1 – 5, 2008. NSDL’s Automation Initiatives – Capital Markets. Automatic Settlements (Auto DO) Online Access (IDeAS) Online Delivery Transactions (SPEED-e)

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NSDL Presentation - Automation and STP initiative

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  1. NSDL Presentation - Automation and STP initiative 10th Cross Training Seminar Asia-Pacific CSD Group June 1 – 5, 2008 Visit us at : www. nsdl. co. in

  2. NSDL’s Automation Initiatives – Capital Markets • Automatic Settlements (Auto DO) • Online Access (IDeAS) • Online Delivery Transactions (SPEED-e) • Straight Through Processing - STeADY Visit us at : www. nsdl. co. in

  3. NSDL Automation Initiatives – Other Sectors • Tax Information Network • Tax accounts • Tax reconciliation • Central Recordkeeping Agency • Online Pension accounts & transactions • National Skills Registry • Reference repository of employees Visit us at : www. nsdl. co. in

  4. STP Implementation • Previous System • Delivery of Contract Notes • Processing of trades for settlements • Regulatory Support • NSDL’s initiative - STeADY Visit us at : www. nsdl. co. in

  5. STP Benefits • Reduced Settlement Cycle • Increased Transparency & Audit Ability • Reduced Counterparty Risk • Reduced Operational Risk • More time for exception processing • Improved attractiveness of markets Visit us at : www. nsdl. co. in

  6. Background Work on STP • To assess feasibility and suitability of introducing STP • To identify components of current settlement life-cycle involving manual intervention • To identify and establish messaging standards for information communication • To identify options for establishment of a communications backbone Visit us at : www. nsdl. co. in

  7. Steps/Components in STP • Legal recognition of Electronic Contract Notes (ECN) • Communication in ISO 15022 Format • Interoperability between service providers Visit us at : www. nsdl. co. in

  8. STeADY • Interface for • Trading Members, • Fund Managers & • Custodians • Delivery of Contract Notes in ISO 15022 Format • Operation through • Smart Card • Digital Signature Certificate from CA Visit us at : www. nsdl. co. in

  9. Information Flow - Domestic Trades Trade Intimation Fund Manager Trading Member Download Contract Note Upload Contract Note Download Response Upload Instructions STEADY Upload Status Change Contract Note Download Instructions Download Custodian Visit us at : www. nsdl. co. in

  10. Information Flow - FII Trades Trade Instructions Fund Manager Trading Member Upload Contract Note Download Response STEADY Upload Status Change Contract Note Download Custodian Instruction over SWIFT Network Visit us at : www. nsdl. co. in

  11. Indian Capital Market – STP Progress • T + 2 Rolling Settlement • Online Trading Platforms • Connected trading members, custodians and clients • Fast banking channels – RTGS, NEFT Visit us at : www. nsdl. co. in

  12. Thank You Visit us at : www. nsdl. co. in

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