1. NSDL Presentation - Automation and STP initiative
10th Cross Training Seminar
Asia-Pacific CSD Group
June 1 – 5, 2008
1/1/2019
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2. NSDL’s Automation Initiatives – Capital Markets
Automatic Settlements (Auto DO)
Online Access (IDeAS)
Online Delivery Transactions (SPEED-e)
Straight Through Processing - STeADY
1/1/2019
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3. NSDL Automation Initiatives – Other Sectors
Tax Information Network
Tax accounts
Tax reconciliation
Central Recordkeeping Agency
Online Pension accounts & transactions
National Skills Registry
Reference repository of employees
1/1/2019
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4. Visit us at : www. nsdl. co. in
STP Implementation
Previous System
Delivery of Contract Notes
Processing of trades for settlements
Regulatory Support
NSDL’s initiative - STeADY
1/1/2019
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STP Benefits
Reduced Settlement Cycle
Increased Transparency & Audit Ability
Reduced Counterparty Risk
Reduced Operational Risk
More time for exception processing
Improved attractiveness of markets
1/1/2019
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Background Work on STP
To assess feasibility and suitability of introducing STP
To identify components of current settlement life-cycle involving manual intervention
To identify and establish messaging standards for information communication
To identify options for establishment of a communications backbone
1/1/2019
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7. Steps/Components in STP
Legal recognition of Electronic Contract Notes (ECN)
Communication in ISO Format
Interoperability between service providers
1/1/2019
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8. Visit us at : www. nsdl. co. in
STeADY
Interface for
Trading Members,
Fund Managers &
Custodians
Delivery of Contract Notes in ISO Format
Operation through
Smart Card
Digital Signature Certificate from CA
1/1/2019
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9. Information Flow - Domestic Trades
Trade Intimation
Fund Manager
Trading Member
Download Contract Note
Upload Contract Note
Download Response
Upload Instructions
STEADY
Upload Status Change
Contract Note Download
Instructions Download
Custodian
1/1/2019
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10. Information Flow - FII Trades
Trade Instructions
Fund
Manager
Trading Member
Upload Contract Note
Download Response
STEADY
Upload Status Change
Contract Note Download
Custodian
Instruction over SWIFT Network
1/1/2019
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11. Indian Capital Market – STP Progress
T + 2 Rolling Settlement
Online Trading Platforms
Connected trading members, custodians and clients
Fast banking channels – RTGS, NEFT
1/1/2019
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Thank You
1/1/2019
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