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Clarification on the definition of institutional trades and use of physical contract note

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Full Text of the Document

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....hysical contract note Dear Sir, 1) This is a clarification to our previous circular no. DNPD/Cir-22/04 dated April 1, 2004 which mandated the use of the Straight Through Processing (STP) system for all institutional trades w. e. f. July 1, 2004. 2) It is reiterated that STP is mandatory for all institutional trades. However some institutions who directly settle their trades with the brokers and....

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