CDSL Circular on Enhancements in processing of Payin Transactions

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Date of Issue: 02-06-2026
         
Issuer: CDSL

Highlights of  the Circular :

CDSL is pleased to inform Depository Participants (DPs) and their Trading Member (TM) / Clearing Member (CM) clients that enhancements have been carried out in the CDSL depository system with the objective of improving operational efficiency and processing. These enhancements do not entail any changes to the existing DP file formats or the interface for DPs, TMs, or CMs with the CDSL system.

DPs / TMs / CMs are advised to refer communique no. CDSL/OPS/DP/SETTL/2023/60 dated January 25, 2023, (Provisioning of Mandatory UCC details for payin transactions) and earlier communiques mentioned therein. DPs / TMs / CMs are further advised to take note of the following changes in the processing of Normal Pay-in (NP) and Early Pay-in (EP) transactions, effective June 6, 2026. These changes shall be applicable only to pay-in transactions pertaining to trading clients, for market types processed under the block mechanism guidelines, where UCC details are mandatory.

1. EP Transactions – Trading Clients (Post Clearing Corporation (CC) EP Cut-off on T Day):

a) EP transactions set up after CC’s EP cut-off for margin benefit on T Day, shall be assigned the status ‘Pending for CC Obligation Matching’.

b) Post completion of matching on T Day, securities of fresh EP transactions set up till EOD shall be matched, blocked and reported to CCs. Reporting of EP transactions to CCs will be continued as per the current reporting mechanism. Further, there is no change in the processing of fresh pay-in transactions setup on settlement day.

c) During the matching process on Pay-in Day, pay-in transactions shall be matched or rejected in line with the existing matching mechanism.

d) DPs are requested to take note of the transaction status given in attached circular with respect to reflection of EP transactions in DP97 report for back-office changes, if any.

2. Further, normal pay-in transactions set up on T Day and not matched during T Day matching, continue in the status ‘Pending for CC Obligation Matching’ until EOD.

3. EP Transactions – Custodial Clients:

For custodial clients, irrespective of CC’s EP cut-off on T Day, securities shall be blocked at the time of transaction setup (subject to availability of balance) till initiation of EOD process and would be reported to CCs as per the current mechanism.

4. Securities of inter depository EP transaction setup after CC’s EP cut-off and having no corresponding obligation from CC will be unblocked in the client account on settlement day.

5. The existing settlement mechanism with respect to processing of pay-in transactions including inter-depository pay-in transactions shall remain same except for the changes mentioned above.

DPs are requested to take note of the same and make suitable changes, if any, in their back-office.