Sub: Changes in Early pay-in cut off time for 06-October-2023
To
All Members/Participants,
This has reference to Indian Clearing Corporation Ltd (ICCL) circular no dated 20200829-4 dated August 29, 2020, specifying final cut-off time for EPI of Funds and EPI of securities.
Members are requested to note that in view of SEBI circular SEBI/HO/MIRSD/DOP/P/CIR/2022/10 dated July 27, 2022 regarding Settlement of Running Account of Client’s Funds lying with Trading Member (TM) the final cut-off time for EPI of Funds and EPI of securities for 06-Oct-2023 is being revised as follows:
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Activity
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Existing Timelines
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Revised
Timeline (for
06.10.2023)
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EPI of Funds final cut-off time
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7:45 PM
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7:00 PM
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EPI of Securities final cut-off time
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9:00 PM
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7:00 PM
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Collateral Allocation Cut-off time
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8:00 PM
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10:00 PM
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Download of margin reports (files
considering custodian confirmation
and Early pay-in securities/Funds
received till 7:00 PM)
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10:30 PM
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8:45 PM
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Members/ Custodians are advised to take note of the same and adhere to timelines of the EPI cut off.
In case of any clarifications, members may contact their Relationship Managers or email at ops@icclindia.com; ops1@icclindia.com;
For and on behalf of the Indian Clearing Corporation Limited
Ajay Darji Hitesh Shah
Dy. General Manager Dy. General Manager
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