SREEVATHSAN A’s Post

Contribution to Core Settlement Guarantee Fund and Default Waterfall for Limited Purpose Clearing Corporation (PLCC): CIRCULAR SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/83 June 19, 2024 To All recognised Clearing Corporations Dear Sir/ Madam, Sub: 1. Para 6.5, 6.8 and Para 6.11 of Chapter 3 (Settlements) of the SEBI Master circular for Stock Exchanges and Clearing Corporations dated October 16, 2023 prescribe guidelines to the contributions by various contributors to Core SGF of Limited Purpose Clearing Corporation ( LPCC ) and Default waterfall of LPCC respectively. 2. Based on consultations with various stakeholders... ... ... http://dlvr.it/T8XLSZ #TaxLaws #Circulars #TaxTMI

😯NSE Clearing Ltd just changed the acceptable collateral norms for Margin Trading Facility But how does it affect you & your trading journey? Find these answers in the carousel below! And let us know your thoughts as well! __ 👉 Disclaimer: Investments in securities market are subject to market risks, read all the related documents carefully before investing Mutual Fund investments are subject to market risks, read all scheme related documents carefully PMS is not offered in the commodity derivative segment. Insurance is the subject matter of solicitation Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors #smc #smcglobal

This achievement marks a significant milestone in my journey within the financial services industry. The Series VI exam focused on essential knowledge and skills related to depository operations, covering topics such as securities depository systems, clearing and settlement processes, regulatory frameworks, and much more. National Institute of Securities Markets (NISM) #SEBI #SeriesVI #DepositoryOperations #FinancialServices #ProfessionalDevelopment #CertificationSuccess

The wealth of information and comment available on the Unique Product Identifier (UPI) is vast with the The Derivatives Service Bureau (DSB) Ltd doing an excellent job at providing a knowledge base covering all asset classes. Hopefully I've distilled enough of the key content into this blog. #otc #derivatives #ipv #identifers #tradereporting #riskmanagement #productcontrol #trading

The reporting of International Securities Identification Numbers (ISIN), Unique Product Identifiers (UPI) and Classification of Financial Instruments Codes (CFI) will be mandatory under upcoming changes to the #ASIC, #CFTC, #EMIR and #MAS regulatory regimes. Sourcing and maintaining this data and associating the correct identifier with any given derivative contract is a significant challenge for firms. Find out how you can access a streamlined single file that consolidates the product identifiers required for global derivatives reporting. Download our factsheet here: https://lnkd.in/eAU-FbZp

🎤 At #WFEClear 2024 Froukelien Wendt, Director for CCPs, Independent Member of the CCP Supervisory Committee at European Securities and Markets Authority (ESMA), Vikesh Patel, President at Cboe Clear Europe, George Kormas, President at the Canadian Derivatives Clearing Corporation (CDCC) and Michele Hillery, Managing Director, General Manager of NSCC Equity Clearing and DTC Settlement Service at The Depository Trust & Clearing Corporation (DTCC), will be offering a roadmap for financial markets in their shift from a sole Central Securities Depository (CSD) approach to incorporating a #CCP. Delving into the transition, we will focus on assessing the viability, advantages, risks, and impacts associated with integrating a CCP into the market framework. We will highlight crucial steps for a seamless transition, including the establishment or modification of operational systems and processes, collaboration with regulators, execution of testing and simulations to guarantee system and procedure preparedness, and provision of comprehensive education and training to market participants, ultimately facilitating a smooth migration from the CSD-only model. See here to register for the event: https://bit.ly/425Trkh #exchanges #WFEClear #Clearing #Settlement #CCPs

Identifying and tracking trades is actually more nuanced than most people realise. The first question to ask when reviewing trade data is "what am I looking at" ... at times that can be harder than it should be. Initiatives like this can only help to ease the pain.

The reporting of International Securities Identification Numbers (ISIN), Unique Product Identifiers (UPI) and Classification of Financial Instruments Codes (CFI) will be mandatory under upcoming changes to the #ASIC, #CFTC, #EMIR and #MAS regulatory regimes. Sourcing and maintaining this data and associating the correct identifier with any given derivative contract is a significant challenge for firms. Find out how you can access a streamlined single file that consolidates the product identifiers required for global derivatives reporting. Download our factsheet here: https://lnkd.in/de-mTbjx

A good explanation of how the UPI will bridge the gap between entity and instrument level identifiers helping to aggregate data in the OTC derivatives space.

I’m happy to share that I’ve obtained a new certification: NISM-Series- XVI : Commodity Derivatives from National Institute of Securities Markets (NISM)! . Learning and Updating with exchange . So Completed NISM Series VI Depository Operations , NISM Series VII SORM , NISM Series III A Securities Intermediaries Compliance , NISM Series VIII Equity Derivative , NISM VA Mutual Fund , and Now NISM IX - Merchant Banking .and NISM VIII -Equity Derivatives #banking #compliance #markets #fintech #commoditymarkets