EnSettle: Trading & Clearing Member Solution for Currency Derivatives
A currency future is a standardized contract, traded on an exchange, to buy or sell an underlying asset (exchange rate in this case) at a certain date in future at a specified price today.
National Stock Exchange is the first exchange in India to have launched Currency Derivatives with INR – USD Contract with 12 calendar months expiry. Banks and Financial intermediaries have been allowed Trading and Clearing membership for this segment.
NSE.IT Ltd, has developed EnSettle®, an application which covers the entire backoffice processing for a Trading & Clearing member from Trade Upload to Settlement end process . EnSettle® works as a Decision Support System by providing a sound Risk Management solution to pre-empt market failures during the process of Clearing (Decision support for trades approval and rejection) and thus facilitating Settlement.Some of the key modules include:
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Master and Static Data |
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Uploads & Processing |
 Trades Upload |
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| Aggregation etc… |
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Trade Matching |
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Risk Management |
| Limits and Margin |
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| Position limits |
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Collateral Module |
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Decision Support for Clearing |
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Brokerage and Commissions |
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Contracting |
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Accounting Module |
| Interface to Banking Systems |
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MIS Reports – Extensive Reporting in MS Excel and PDF formats |
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Compliance & Regulatory Reports |
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IT Security guidelines |
| Controls Checklist |
EnSettle® provides extensive MIS reporting to exchanges and participants
(including all regulatory reporting)
For more information on the product please mail asrinivasan@nse.co.in or
call at +91.22.28269864