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SHCIL is a Custodian/Professional Clearing Member of derivative segment at the Bombay Stock Exchange and at the Futures & Options Segment of the NSEIL respectively. |
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We have developed in-house Back Office systems and procedures to cater to the needs of various entities in the segment. A dedicated team of professionals handle derivative operations and assist its clients.
As a professional clearing member, SHCIL performs the following functions:
Clearing - Computing obligations of all his TM’s i.e. determining positions to settle.
Settlement - Performing actual settlement.
Collateral Management - Collection of collateral (cash/cash equivalents and securities), valuation on a regular basis (as per J. R. Varma recommendations)
and setting up exposure limits for TMs and Institutional clients.
Risk Management - Setting position limits based on upfront
deposits/margins for each TM and monitoring positions on a
continuous basis. |