P

DP COMPONENT

Purpose SHCIL services LTD recognizes the value of well written company personnel policies and procedures. Over the years SSL has published risk policies and procedures. Members have used this language as a guide in creating written documents, policies and procedures covering every aspect of the meeting. Therefore documenting everything is important for further reference for discussion for further improvement. Current scenerio
As Per the current risk Policy limit is assigned against only the ledger component where the client is assigned one time limit. Dealer sells shares upon the confirmation given by the client after selling the shares need to be blocked by the dealers. After blocking of shares the dealer needs to take the approval from the SHCIL SSB that the shares sold are blocked in the system. Only after the approval given by SSB team, the client is assigned limit for further buying . This process takes sometime. D p component

With continuous need for improvement in the system FT (vendor] has came up with a new component called as D p component where the client demat shares can be uploaded in the trading terminal. The client will be able to sell the shares available with him. Client does not requires to get the approval request from SHCIL of shares being blocked as the shares are already uploaded in the system and only those shares can be sold and also limit is directly assigned against the shares sold without the requirement of the approval .it also avoids the risk of short selling as well as wastage of time. The file uploaded in the system includes details such as (client code, qty, isin,dipd ).it avoids manual intervention as the system auto releases the limit against the shares sold