| STeADY is a facility which enables the brokers to
deliver/submit contract notes to custodians/ fund managers
electronically by transmitting digitally signed trade information with
encryption. It further enables fund managers to enrich the contract
note and convert it into instructions for the custodian. STeADY
facility enables broker to upload contract notes for cash and equity
Derivatives (F & O) Segments.
STeADY enables brokers to submit contract notes
containing trade information to custodians and fund managers through
the website https://eservices.nsdl.com. Custodians will be able to
download these contract notes in ISO 15022 message format (MT 515) for
further processing in their back offices. Custodians, after carrying
out necessary matching, can periodically upload Contract note Status
Changes (CSC) to STeADY. Brokers will be able to view these status
changes and download to their back offices. In respect of domestic
trades, STeADY enables brokers to submit contract notes alongwith
trade details to the fund managers, who, in turn, can carry out
necessary matching process and periodically upload status changes.
Fund Managers can also submit instructions to custodians for
settlement purposes. Once instructions are uploaded by fund managers,
custodians can download the instructions / contract notes in ISO 15022
message format (MT 54X / MT 515) respectively for further processing.
STeADY can be used for FII Trades and Domestic
Institutional Trades.
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