Straight Through Processing

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....TP) System for all institutional trades w. e. f. July 1, 2004. The present circular contains the detailed system flow which was referred to in the said circular. 2) The system flow of the STP framework would be as follows: a) A STP user intending to send an instruction would send the message to his STP service provider after digitally signing the same. b) The STP service provider would verify....

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....ice provider after digitally signing on the message. e) The recipient STP service provider on receipt of the message from the STP centralized hub, shall verify the signature of the STP centralized hub, verify if the recipient STP user is associated with itself and send an appropriate acknowledgment with digital signature to the STP centralized hub. The STP centralized hub would in turn forward t....