Clearing Member Clearing members are the members of the Clearing houses those who clears and settles deals via Clearing houses or Clearing corporation. In also addition, a CM (Clearing Member) may clear and settle all deals either on their account or on behalf of their client's subjects to the term and conditions prescribed by the Clearing houses. Whereas, in the case of … [Read more...]
NSDL: Consolidated Account Statement (CAS)
As per the Interim Budget announcement in 2014 to create one record for all financial assets of every individual SEBI had been a big discussion with the Depositories, Registrar and Transfer Agents (RTA) and the Association of Mutual Funds in India (AMFI) to implement the above concept for financial assets in respect of securities market. It had been decided to enable a single … [Read more...]