Assistant Manager - Clearing & Settlement - Bank

1. Clearing activities : 

1. Execute processes in a timely manner

2. Generate and download reports to members

3. Generate and transfer Data/ reports to regulatory authorities

4. Crystallise obligations and carry out related activities for the same

5. CP code allocation to Custodians / Clearing Members

2. Settlement activities : 

1. Interact with depositories, NSDL and CDSL for pay-in and pay-out process to ensure that trades are settled as per guidelines.

2. Calculate net shortages and initiate required action against members if required e.g. disable member accounts or withhold securities payout

3. Facilitate the pay out process

4. Identify all member shortages and conduct auction by 2:30 pm and the obligation competition by 4:30 PM.

3. Early Pay-in :

1. Interface with the depositories on an hourly basis to process early pay-in by members/ custodians

2. Carry out the processes for reckoning the early pay-in t provide benefit to members

4. Corporate actions :

1. Monitor corporate actions every hour and allocate X date based on record date or book closure date.

2. Generate and provide corporate actions, pay-in and pay-out confirmation reports to members.

3. In F&O adjust positions according to the corporate actions

5 Funds activities : 

1. Conducting funds pay-in and payout for each of the segments by electronic interfacing with each of the clearing banks

2. Ensuring pay-in and payout in adherence to the regulatory specifications

3. Follow up with banks for shortages and taking action for shortages in line with specifications in this regard.

4. Support Collection of members margins through the clearing banks

5. Collate Weekly, monthly and ad-hoc data