Nepal Stock Exchange Ltd. · 2019. 12. 30. · Author: Windows User Subject: SRS for NOTS Keywords:...

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Internet Based

Fully Automated

Online Trading

System

CONFIDENTIAL

All rights reserved. No part of this publication may be reprinted,

reproduced, stored in a retrieval system or transmitted, in any form

or by any means, without the prior permission in writing from the

owners.

NCHL Integration User Manual For Members

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CONFIDENTIAL ©2018 YCO Private Limited. All Rights Reserved.

1.1 Document Control

1.2 Version History

Version No.

Date Author Comments/ Changes from prior version

1.0 2019/05/20 Ramesh Bhusal

2.0 2019/06/25 Ramesh Bhusal

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Contents 1.1 Document Control...................................................................................................... 2

1.2 Version History ........................................................................................................... 2

2 Introduction ....................................................................................................................... 4

3 Fund Withdrawal ............................................................................................................... 5

3.1 Refund Collateral ....................................................................................................... 5

3.2 Settlement ................................................................................................................. 8

3.2.1 Manual Settlement .............................................................................................. 8

3.3 Online Settlement .................................................................................................... 12

3.3.1 Online Buy Settlement ....................................................................................... 12

3.3.2 Online Sell Settlement ....................................................................................... 13

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2 Introduction

One of the features of NOTS is the banking integration using Nepal Clearing House Limited

(NCHL). When the trade is done between clients, the bank account of brokers and clients

can be in different banks, however the money needs to flow for the trade to complete. This

is where integration using NCHL is needed. If the broker places the trade on the behalf of a

client, the client first needs to load desired amount of collateral in brokers account. This

process is “First phase of NCHL Banking Integration (Load Fund)”.

Then, collateral transfer between Counter Broker happens. Once the settlement is done

and the money is received by the second party, then Seller client can withdraw amount

which is initiated, approved and delivered by Broker. Client can also request for Collateral

refund which initiated by client, approved and delivered by Broker. This is termed as

Second Phase of NCHL Banking Integration (Fund Withdrawal).

Test Environment: Staging

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3 Fund Withdrawal This is the second phase of NCHL banking integration. This process is initiated when a Client wants refund of collateral deposited or broker has to pay client as part of Settlement in T+3 days.

3.1 Refund Collateral When a client initiates a request for collateral refund, an application is sent to Broker which needs to be approved and delivered by Broker.

Login to TMS using Member’s credentials

Navigate to Fund Management -> Collateral Management- > Client Refund Request NCHL (tab). Check request that needs to approved and click on Approve.

Fig 3.1(a): - Application for collateral refund

A pop up will be displayed. Check NCHL and click on Approve.

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Fig 3.1(b):- Collateral refund approval via NCHL

Navigate to Fund Management -> Collateral Management-> Collateral History -> Approved (tab) to view the status. Approved requests will be NCHL Approved.

Fig 3.1©: - Refund Approved

Navigate to Fund Management->Collateral Management- >Refund Collateral. Select Creditor Bank and click on ‘Initiate Fund Transfer’. User can view Fund transfer details by clicking on View Details Link.

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Fig 3.1(d): - Initiate Fund transfer

Check the status in Collateral History.

Fig 3.1(e):- Refund Success in Collateral History

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3.2 Settlement

3.2.1 Manual Settlement

3.2.1.1 Manual Buy Settlement

Broker can manually settle Buy transaction with clients. Client will make a payment via cash/cheque and broker can manually entry that the settlement has been done. Once broker manually settles, it will automatically reflect in Client’s account that the settlement has been done.

Navigate to Payment Settlement- > Buy Information

Check on client’s transaction that you want to manually settle and click on Manually Settle button below as shown in fig: -

Fig 3.2.1.1(a):- Manual Buy Settlement

A confirmation dialog box is popped up, where you can enter cheque no and remarks for manual settlement.

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Fig 3.2.1.1(b): - Manual settlement confirmation

Once manually settlement is confirmed, the settled transaction moves to Success tab with status changed to MANUALLY PAID. Same status will be reflected in Client’s end as well.

Fig 3.1.1.1©: - Manually Paid

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3.2.1.2 Manual Sell Settlement

Broker can manually settle Sell transaction with clients. Once settlement is done after T+3, if Broker makes a payment via cash/cheque and he/she can make manual entry that the settlement has been done. Once broker manually settles, it will automatically reflect in Client’s account that the settlement has been done.

Navigate to Fund Management- > Payment Settlement- > Sell Information

Check on client’s transaction that you want to manually settle and click on Manually Settle button below as shown in fig: -

Fig 3.2.1.2(a): - Manual Sell settlement

A confirmation dialog box is popped up, where you can enter cheque no and remarks for manual settlement.

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Fig 3.2.1.2(b):- Confirmation

Once manually settlement is confirmed, the settled transaction moves to Success tab with status changed to MANUALLY PAID. Same status will be reflected in Client’s end as well.

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Fig 3.2.1.2©: - Manually Settled

3.3 Online Settlement Broker and clients can settle Buy and Sell transactions via online Fund transfer.

3.3.1 Online Buy Settlement When a client initiates payment from his/her end for Buy settlement, an application is sent to Broker informing that the client has initiated the payment. Broker can monitor transaction status.

Navigate to Fund Management- > Fund Transfer History

Transaction transfer type would be ‘eod_pay_in’ for Buy Settlement transactions as shown in below fig:-

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Fig 3.3.1(a): -EOD pay status by client

Once the payment initiated by Client is successful, you can view transaction status in Buy Settlement screen as well. Navigate to Fund Management- > Payment Settlement- > Buy Settlement- > Success tab. The transaction status of online buy settlement would be ‘PAID’.

3.3.2 Online Sell Settlement Once Settlement is done in T+3, Broker can initiate Pay-out to clients as part of sell settlement via online transfer. Client will be able to monitor the status of Pay-out transactions from their end.

Navigate to Fund Management- > Payment Settlement- > Approve Settlement

From this Screen, Broker can select multiple transactions for settlement. Check on transactions that you want to initiate Pay-out and click on Approve.

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Fig 3.3.2(a) Approve Buy Settlement

A confirmation dialog box is popped up, where you can enter approval remarks for Settlement. If you are making payment via NCHL, check NCHL or check Banks if you are making payment through integrated Banks. Click on Approve.

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Fig 3.3.2(b): - Confirmation

Broker can approve online pay-out via Sell Settlement screen as well. Here, the limitation is that you can only approve one transaction at a time. Navigate to Fund Management- > Payment Settlement -> Sell Settlement

Select the transaction that you want to initiate pay-out for and click on right icon in Action column as shown in below fig: -

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Fig 3.3.2©: - Approve Settlement

A confirmation dialog box is popped up, where you can enter approval remarks for Settlement. If you are making payment via NCHL, check NCHL or check Banks if you are making payment through integrated Banks. Click on Approve

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Fig 3.3.2(d): - Confirmation

Both Broker and Client can view approved transactions in Approved tab. If the pay-out is approved via NCHL, transaction status would be NCHL_APPROVED. If it is approved via integrated Banks, transaction status would be APPROVED.

Fig 3.3.3(e): - Approved Transactions

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Once the pay-out is approved from either of the screens, Broker must run settlement Bank jobs to trigger fund transfer. Navigate to Fund Management- > Payment Settlement- > Settlement Jobs

Select Debit account. Click on View Details to view payment transactions. Click on Initiate Fund Transfer to trigger pay-out.

Fig 3.3.2(f): - Initiate Fund Transfer

Once the fund transfer is initiated, you can monitor transaction status in Success/Inprogress/Failed tabs in Sell Settlement. Once the payment is successful, you can view the transaction in Success tab, transaction status will be ‘PAID’.

You can also view pay-out transaction in Fund Management- > Fund Transfer History. Transfer type of pay-out transaction is collateral_release. TMS Transaction ID also will be generated for pay-out transactions.

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Fig 3.3.2(g): - Collateral release success status in Fund Transfer History

Nepal Stock Exchange Ltd. · 2019. 12. 30. · Author: Windows User Subject: SRS for NOTS Keywords:...

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Transcript of Nepal Stock Exchange Ltd. · 2019. 12. 30. · Author: Windows User Subject: SRS for NOTS Keywords:...