SETTLEMENT OF ACCOUNTS - NEW

Discussion,Modification,Bugs Reporting and clarification in Any Module of Commex71 Product.

SETTLEMENT OF ACCOUNTS - NEW

Postby ods » Mon Jan 09, 2017 10:51 am

Dear All ,

As per MCX Circular no.: MCX/INSP/295/2016 dated September 26, 2016, and SEBI Circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/92 September 23, 2016 regarding Settlement of Account , Has been successfully Implemented.

The actual settlement of funds and securities shall be done by the broker, at least once in a calendar quarter or month, depending on the preference of the client. While settling the account, the broker shall send to the client a ‘statement of accounts’ containing an extract from the client ledger for funds and an extract from the register of securities displaying all receipts/deliveries of funds/securities. The statement shall also explain the retention of funds/securities and the details of the pledge, if any.

Option Name : Financial >> Sett of Accounts

1. Enter A/c Sett of Date : Current Date
2. Holding Date : Current Date For Calculating Security /Demat Shares Value .
3. Closing Rate Date : Last Closing Rate file import date.
4. Non Trading Since Days : To see non trading clients for specific days even balance is debit/Credit/Nil.
These clients can be sett of because clients are not active for that specific period and credit a/c are settled by paying payments and demand generating for debit balance.

5. Margin Date : Last Margin Import date .
6. Addl. Margin % : For calculation of additional margin on Margin specified date. Require for retention of actual+ 125% of Margin.

7. Sett of Advance days : After settling clients, if any clients who will not comes in current settle period but comes after including sett of advance days .

8. Ignore Security Account Balance /Security Shares : If click on it than its not passing benefit of security deposit Account/Shares for settle of accounts.

After Defining These parameters click on calculate Button.

After calculating you can see credit /Debit /Zero and non trading Clients separately. For settle of accounts you have to click on settle for sett of accounts.

1. First you can settle "Eligible Clients".
2. For credit balance clients you have to pay cheque and deliver securities on client account on same day for issuance of cheque you can also create bank payment voucher from sett of accounts option by change Auto Voucher posting Yes .

After Settling Clients you have to email /Print Settlement of Client Latter.

Pl download latest version of commex10(build-11764 or higher) from our website http://www.shilpisoft.com/sunil/commex10.zip

With Regards

Shilpi Support Team
ods
Registered User
 
Posts: 91
Joined: Sat Jun 02, 2012 10:43 am

SETTLEMENT OF ACCOUNTS

Postby ods » Mon Feb 13, 2017 1:08 pm

Dear All

Option Name : Financial >> Sett Of Accounts Letter -> Sebi Logo provision has been added in settlement account latter.

Please download latest version of Commex62 [Build No. 11766] from our Website.http://www.shilpisoft.com/sunil/commex62.zip


Regards

Shilpi Technical Team
ods
Registered User
 
Posts: 91
Joined: Sat Jun 02, 2012 10:43 am


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