Reduced Dependency and Saving of Cost

With the advent of T+1 and current increase in the volume of transactions handled by brokers, it is important for every broker to ascertain the shortages and keep their back office system. The fetching of feed from IDeAS facilitates brokers in various ways:

• Ascertain the shortages, which reduces auction.
• No follow-up required with DPs for ascertaining the transactions in CM Pool Account.
• Meting the requirement of early pay-in on T day.
• Ascertaining the securities blocked in Client Account under securities blocking mechanism, Tender offer and e-DIS mandate.