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    <title>Clarification for circular no. DNPD/Cir-25/04 dated June 10, 2004</title>
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    <description>The circular confirms that STP messaging under ISO 15022 requires IFN 515 for contract note issuance, IFN 548/598 for confirmations, and IFN 540-547 for settlement instructions and their confirmations, with 540-543 as instructions and 544-547 as responses. It further mandates tag 22H in IFN 515 be set to FREE where the custodian accepts settlement obligation with the Clearing Corporation and to APMT where the broker settles with the Clearing Corporation.</description>
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      <description>The circular confirms that STP messaging under ISO 15022 requires IFN 515 for contract note issuance, IFN 548/598 for confirmations, and IFN 540-547 for settlement instructions and their confirmations, with 540-543 as instructions and 544-547 as responses. It further mandates tag 22H in IFN 515 be set to FREE where the custodian accepts settlement obligation with the Clearing Corporation and to APMT where the broker settles with the Clearing Corporation.</description>
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      <pubDate>Thu, 08 Jul 2004 00:00:00 +0530</pubDate>
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