Topics |
Definition |
Process |
Alternative Process |
Pros and Cons |
Collateral creation/ revocation |
For margin purpose, Client create a creation request in Wire |
Client punches for Collateral creation through WIRE & accordingly we are giving buy or sell instruction on behalf of Client to transfer shares from Client DP to Collateral Account. |
No alternate process |
If there is a margin requirement and clients shares are not considered as collateral, he will charges penatly by the exchange. |
For Selling or for release of Shares, client does revocation of earlier pledged shares |
Whenever client requires the stocks back to his DP Account, Client punches for revoke request through revoke module in WIRE and after that BO checks with RMS team and accordingly Revocation is done from Collateral Account back to Client DP Account |
No alternate process |
In case client has sold shares and not requested for revoke, there could be chances that shares could go for auction. |
|
Corporate Actions |
Client receives benefits like bonus , rights , dividend known as corporate action from RTA towards shares available in his demat account |
MOSL Receives corporate actions from RTA towards client shares which are held in our collateral or debit stock. The said corporate action is allotted in clients account and finally transferred either to his demat account or to his bank account as per normal payout process |
No alternate process |
The corporate action generally receives after 30-40 days from the book closure date. |
auction Clarifications |
In case client do not delivers shares to MOSL pool account agais his sell position, his sell position gets auction. |
The reason for client shares are getting auctions is might be due to holding in other demat A/c, POA not updated, wrongly transferred to other exchange or settlement etc. |
Client can transfer the shares from his demat account. |
Client will suffer huge lost as the auction rate is higher than the current share price. |
inter settlement/ Pool to Pool Request |
Adjustment of shares purchase in one settlement and are sold in other settlement. |
After receiving shares from exchange towards client purchase are first check for any sell position of same client for the same scrip. In case any sell position is found, the shares are auto adjusted by HO. |
Client can transfer the shares from his demat account. |
Client will suffer huge lost as the auction rate is higher than the current share price. |
auto payin problem |
As POA is set in back office but POA is not available in DP |
POA is made available to DP |
No alternate process |
na |
bonus /rights shares not credited |
Client is eligible for Corporate action like dividend, bonus and rights etc towards his shares kept in MOSL Collateral account or debit stock. |
MOSL Receives corporate actions from RTA towards client shares which are held in our collateral or debit stock. The said corporate action is allotted in clients account and finally transferred either to his demat account or to his bank account as per normal payout process |
No alternate process |
The corporate action generally receives after 30-40 days from the book closure date. |
excess shares transferred not yet credited |
MOSL receives shares from client in its pool account in excess due to many reasons. |
The client transfers shares to MOSL pool account which are marked excess. The excess marking is done due to following reason 1. Demat account is not mapped 2. No sell position 3.transferred to wrong settlement or wrong exchange. In case there is a shortage of some other client in the said scrip the shares transferred in excess gets adjusted against the same as pay in is done on gross level. The excess shares will be return only when the other cleints transfer the share to MOSL. |
Before transferring the shares to MOSL client must check the reason as mentioned to avoid such instances. |
Client may suffer a loss in case he has not transferred the shares to correct settlement. |
BTST Enquiry |
Not Listed BTST scrip's |
No alternate process |
na |
|
Third party debit reversal - Shares |
In case the client has transferred the shares from the account which is not mapped in his trading code then after providing the proof, the share received are considered for the said client |
Client is required to transfer shares from his account which is mapped to his trading account towards his sell position. In case client transfer the shares from the account other than mapped in his trading account then said shares are considered as third party shares and client is debited as third party |
Client is required to map the new account to his trading account through modification to avoid third party marking. |
If the new account is mapped within seven days, the shares received from such unknown demat account will be transferred back to the same account and client has to pay for third party charges. |
payout delayed |
Default ID is not set in Back Office |
Default ID is set in Back Office |
No alternate process |
na |
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