NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : DEBT SEGMENT Download Ref No : NSE/DS/30092
Date : June 26, 2015
Circular Ref. No : 43/2015
All Members, Negotiated Trade Reporting Platform With reference to circular no 040/2013 (Download No. 24832) dated October 25, 2013 and SEBI circular CIR/MRD/DP27/2013 dated September 12, 2013, the Exchange has made available the negotiated trade platform in Debt Segment. Further vide circular no 14/2015 (Download No. 29231) dated March 23, 2015, the Exchange has informed that Wholesale Debt Market (NEAT-WDM system) shall be closed and all securities available for trading / reporting in the Wholesale Debt Market segment shall also be made available in Debt segment. Accordingly, based on the member feedback and to enhance the negotiated platform, the Exchange is introducing a new web based negotiated trade platform for reporting of all the deals in debt instruments by trading members. In pursuance of Trading Regulations of the Exchange, the Exchange notifies the following for the new web based negotiated trade platform for the Debt Segment. The details/features of new web based negotiated trade reporting platform by trading member are provided in Annexure 1. The parameters for the negotiated trade reporting platform are provided in Annexure 2 The detailed user manual for the operation of new web based negotiated trade reporting platform can be accessed from the „User Guide‟ option after the log in. The new web based reporting facility shall be available with effect from July 01, 2015. For queries on trade confirmation, cancellation and modification, kindly call on– 26598285, 26598287 and for any other technical queries kindly call on- 1800 2200 53. For and on behalf of National Stock Exchange of India Limited Khushal Shah Chief Manager Toll Free No 1800-22-00-53
Fax No +91-22-26598286/90
Email id
[email protected]
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Annexure 1 Features of Reporting Platform
The url of new negotiated trade reporting platform is WWW.NSENDM.COM
Placing an Order- Any one party to the deal (trading member) can report the negotiated trade done in debt securities. The new platform also provides facility to report „both side trade‟ in single order entry. The negotiated trade entered by a trading member can be confirmed by the counter party member if all parameters are accurate.
Basis of Reporting- The value of the order/trade is entered in "Rs. Lakhs" in the reporting platform. All orders are required to comply with the minimum lot size as specified by the Exchange.
Access- The Negotiated Trade Reporting Platform shall consist of two types of users – ADMIN and „USER/DEALER‟. The Exchange shall provide ADMIN id to the trading members on request basis. For creation of ADMIN id members are required to send the scan copy of request to
[email protected] or fax on 26598155 as per the format provided in Annexure- 3. Thereafter the ADMIN user shall create the USER/DEALER log in for reporting of deals on the platform.
Password policy & Expiry- For the first time log on to the Negotiated Trade Reporting Platform the Exchange shall provide the default password to the trading members. The default password shall be same for Admin & User type of log in id. The password expiry period is 14 calendar days from the end of the day the password was reset last. The password should be of 8 characters including one Capital letter, one Numeric and one Special character.
Participant Code- While entering order/trade, the trading members shall enter the unique participant code for participants who are registered with the Exchange for reporting corporate bond trade (CBRICS platform). For non-registered client/participants, the trading members shall enter their own trading member code.
Settlement of Negotiated Trade - While reporting of order/trade an option is provided to trading members for seamlessly sending the trade for the settlement on CBRICS (Corporate Bond Reporting & Integrated Clearing and Settlement Platform).
Trade Cancellation and Modification- Facility is provided for trade cancellation and modification. Details of the same are provided in user manual.
Reports– Following reports shall be provided in Negotiated Trade Reporting platform Order & Trade Report- Members can generate & download the order and trade report from the USER/Dealer and ADMIN log in. The report generated from USER/Dealer level log in shall contain orders and trades of the respective user whereas the report downloaded from the ADMIN level login shall contain all the orders and trades of member. Top Traded Security Report- Members can download the report for top traded security of the day.
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Annexure 2 Parameters for Negotiated Trade Reporting Platform Particular Securities
Details Central & State Government Securities, Treasury Bills, Other Debt Securities (Debentures, Corporate Bonds etc.), Securitized Debts, MF units - Fixed Maturity Plans, Market linked bonds etc.
Security Description
Security type, Security and Issue name
Quote and trade price
Clean price i.e. price excluding accrued interest (converted to face value of Rs. 100)
Market lot
As per negotiation subject minimum lot size specified by SEBI from time to time.
Market timings
Government Securities (T+1 and T+2) :- 9:00 am to 5:15 pm Non-Government Securities (T+0 to T+2) :- 9:00 am to 5:45 pm
Tick Size
Rs. 0.0001
Day count convention
30/360 for government securities, Actual / Actual for nongovernment securities.
Settlement
Central Government Securities – T+1 & T+2 Other Securities – T+0 to T+2
Toll Free No 1800-22-00-53
Fax No +91-22-26598286/90
Email id
[email protected]
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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Annexure 3 (Note: To be provided on Trading Members letter head) Ref. No. Debt Segment National Stock Exchange of India Limited 6th Floor, Exchange Plaza Bandra Kurla Complex Bandra (East) Mumbai-400 051
Date:
Dear Sir, Sub: Application for the creation of ADMIN id in Negotiated Trade Reporting Platform This has reference to the circular No._______ dated ____ informing the introduction of new Negotiated Trade Reporting Platform for reporting of deals in debt securities. We hereby apply to the Exchange for allowing us to have access to “Negotiated Trade Reporting” facility for the purpose of reporting of deals. The details of authorized „ADMIN‟ user to be enabled for above facility as provided below: Trading Member Code: Trading Member Name: Name of the users: Telephone: E-mail address: Postal Address: We hereby declare that we are aware about the Rules, Regulations and Bye-laws and Circulars issued thereunder by the Exchange. Yours faithfully, For_____________________ _____________(Name) ______________(Designation) Toll Free No 1800-22-00-53
Fax No +91-22-26598286/90
Email id
[email protected]
Regd. Office : Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
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