All Members,
Please refer to detailed circular 20240507-18 dated 07th May 2024 by BSE Ltd. on providing details of special live trading session with intra-day switch-over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday May 18th 2024 in Equity and Equity Derivatives Segments, schedule and related guidelines for participating.
This is with reference to Indian Clearing Corporation Ltd. (ICCL) Circular No 20230329-18 dated March 29th, 2023, regarding Business Continuity for Clearing Corporations through Software as a Service (SaaS) model to be implemented by the Clearing corporations. This SaaS model facilitates continuity of business operations of Clearing corporation by operationalising the SaaS instance in extreme cases.
To get acquainted on the above-mentioned SaaS instance NCL@ICCL, ICCL and NCL in co-ordination with other MIIs had conducted multiple mock sessions during the period April 2023 to May 2024.
Trading members are hereby informed that a special live trading session is scheduled on Saturday, 18th May 2024 together with participating MIIs – BSE, NSE, ICCL, NCL, CDSL, NSDL, MSEI. During this special live trading session, mentioned MIIs will perform intra-day switch-over to their respective Disaster recovery site and NCL SaaS instance NCL@ICCL will be invoked at the same time. This special trading session will be applicable for Equity and Equity Derivatives segments only.
It shall be a graceful shutdown from the primary site. This is being conducted based on specific discussions with SEBI and their Technical Advisory Committee with a view to assess the preparedness of MIIs to handle any unforeseen event impacting their operations and to restore operations from DR Site within the stipulated Recovery Time Objective in such an event.
In view of the intra-day switch-over from PR site to DR site, ICCL members are requested to note that on 18th May 2024, ICCL systems would not be available between 10:00 AM to 11:15 AM.
A separate operational circular will be issued providing details of settlement number, schedule and timelines for the aforesaid special LIVE session and subsequent multiple settlements.
We solicit your active support and participation in this endeavour.
In case of any query, members may send their queries on below mentioned email ids.
For and on behalf of Indian Clearing Corporation Ltd.
Gaurav Patel Vaibhav Jain
Senior Manager Senior Manager |