Transaction work flow for the system of Straight Through Processing in the Indian Securities Market and standardisation of the messaging formats

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....o. SEBI/MRD/SE/Cir-11/2004 dated February 25, 2004 on the issuance of electronic contract notes as a legal document like the physical contract note for the equity and debt segments, circular No. DNPD/Cir-22/2004 dated April 1, 2004 mandating the use of the Straight Through Processing (STP) system for all institutional trades w.e.f. July 1, 2004, circular No. DNPD/Cir-23/04 dated April 27, 2004 prescribing the detailed system flow of the STP system and Circular No. DNPD/Cir-24/04, dated May 26, 2004 prescribing the SEBI (STP centralised hub and STP service providers) Guidelines, 2004. 2. SEBI in consultation with the STP centralised hub, STP service providers and the STP users has prescribed the transaction work flow for the STP system. A....

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....ent instruction for a clearing house sell trade    iv.   IFN 543: settlement instruction for a delivery-v/s-payment (DVP) sell trade     e.   The custodian shall confirm/reject the execution of the settlement instructions to the institutional investor in IFN 544 to IFN 547 messaging formats in the following manner:      i.   IFN 544: confirmation/rejection of an instruction received in messaging format IFN 540     ii.   IFN 545: confirmation/rejection of an instruction received in messaging format IFN 541   iii.   IFN 546: confirmation/rejection of an instruction received in messaging format IFN 542  &nbs....

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....uent to communicate remarks (if any) to another constituent.     b.   The clause of 'payment of consolidated stamp duty' for each contract note shall be mentioned in the broker-client agreement and the tripartite agreement between the broker-sub-broker-client agreement (if applicable). The said clause may be stated in the free text field (as mentioned in point 3 (a)(iii) of each contract note.     c.   In the field "market type" (field 70E) a category of 'TT' i.e. trade for trade and 'OT' i.e. Others shall be added to represent the supplementary categories of market types.     d.   The order time was prescribed as a mandatory field in the contract note. The ....

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....emes (until MAPIN ID is available for each scheme of a mutual fund)   iii.   FIIs and sub-accounts: SEBI registration number for FII and Unique client code issued by the exchanges for sub-account (until MAPIN ID is available for each FII and their sub-accounts)    iv.   Custodians: SEBI registration number (until MAPIN ID is available for every custodian)    v.   STP service providers and STP centralised hub: MAPIN ID    vi.   Depositories and exchanges/clearing house/clearing corporation: MAPIN ID. vii.   Other Institutional Investors like financial institutions, banks etc.: Unique client code issued by the exchanges (until MAPIN ID is avail....