Sub: Fund settlement for trades executed on the Request for Quote (RFQ) platform
With reference to our circular No.20230206-5 dated February 06, 2023, regarding “Mode of settlement for trades executed on the Request for Quote (RFQ) platform”.
Participants are requested to note the additional bank a/c details for funds settlement pertaining to RFQ deals in NDS-RST platform:
1) For settlement of funds through RTGS mode (Rupees Two lakh and above) participants can use existing RBI RTGS bank account.
Beneficiary Name: Indian Clearing Corporation Limited
RTGS Settlement Account No. 8715962
IFSC Code: ICLL0000001
Following, additional bank account details for settlement of funds ONLY for RFQ deals will be available from Monday, April 03, 2023:
Beneficiary Name: Indian Clearing Corporation Limited
Bank Name: HDFC Bank Ltd, Fort Branch
Account No. 57500001086245
IFSC Code: HDFC0000060
Mode: NEFT / Bank Transfer / RTGS
2) For timely and smooth settlement of deals on settlement date, Buyer participants should ensure to transfer the deal wise correct funds pay-in amount from their registered bank accounts and seller participants should ensure to transfer deal wise quantity of security in respective settlement number and market type from their registered demat accounts.
3) In case of any cancellation of RFQ deals, refunds of the funds from HDFC a/c to participants account will be returned by next day EOD on a best effort basis.
For any further clarifications, Participants & Custodians may contact on the following numbers:
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Contact Number
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Email ID
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ICCL Settlement
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22725163 / 22725822 / 22728223
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bse.csd@bseindia.com
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22725628 / 22728169
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DEBT Team
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22728436 / 22728197
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debtinfo@bseindia.com
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For and on behalf of Indian Clearing Corporation Ltd.
Ajay Darji Manish Mehta
Deputy General Manager Asst. General Manager
March 22, 2023 |