Latest news with #ContractNote
Business Standard
a day ago
- Business
- Business Standard
SEBI mandates single VWAP contract note to streamline post-trade operations
The Securities and Exchange Board of India (SEBI) has mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP), effective from 27 June 2025. The move is aimed at simplifying post-trade processes and easing the operational load on institutional investors and market participants. The new system replaces the earlier practice where participants received separate trade confirmations for each exchange. This often led to complex reconciliation processes, settlement delays, and increased regulatory compliance efforts. Following representations from market participants, the decision was taken to introduce a uniform post-trade communication process. Developed in collaboration with key stakeholders, the CCN mechanism consolidates trades executed across multiple exchanges into a single, standardized document using a common VWAP. This change is expected to streamline post-trade reporting, enhance cost efficiency, and reduce the compliance burden for investors. It also ensures consistency in trade reporting in line with the clearing corporation interoperability framework. By consolidating contract notes into one harmonized format, the initiative marks a key reform in post-trade infrastructure, particularly benefiting those engaged in multi-venue trading. In a parallel initiative, SEBI has also announced the opening of a special six-month window from 7 July 2025, to 6 January 2026, for the re-location of transfer deeds submitted before 1 April 2019. These deeds, which were previously rejected or left unresolved due to documentation or process gaps, can now be rectified and processed. The move is intended to safeguard investor rights and simplify access to previously purchased securities.
News18
a day ago
- Business
- News18
SEBI Opens Special Six-Month Window For Physical Share Transfers Missed Earlier
Last Updated: For those who still have physical share certificates, SEBI has decided to open a six-month window to enable the transfer of such securities SEBI In a significant relief to investors, the Securities and Exchange Board of India (SEBI) has announced a special six-month window — from July 7, 2025, to January 6, 2026 — for re-lodging transfer deeds of physical shares that were submitted before April 1, 2019 but were either rejected or returned due to deficiencies. The move comes after SEBI received several representations from shareholders, Registrars and Transfer Agents (RTAs), and listed companies, stating that many investors could not meet the earlier cut-off date of March 31, 2021. After consultation with its Panel of Experts, SEBI decided to offer this one-time opportunity to protect investor interests and improve the ease of investing. During this special window, all such re-lodged shares — including pending requests already with RTAs or companies — will only be processed in dematerialised form. SEBI has directed listed companies and RTAs to ensure compliance with all applicable regulations during this process. In addition, SEBI has mandated that stock exchanges, RTAs, and listed companies publicise the special window every two months through print and social media channels to reach all potentially affected shareholders. Dedicated teams must be set up to manage these requests, and monthly progress reports — detailing investor outreach and processed applications — must be submitted to SEBI. The move is part of SEBI's broader push toward modernising India's capital markets by phasing out physical shareholding and promoting digital ownership. In a separate update, SEBI has also mandated the adoption of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP), effective June 27, 2025. This aims to simplify post-trade processing for institutional investors, who previously received multiple trade confirmations from different exchanges, leading to reconciliation and settlement challenges. The new mechanism is expected to streamline operations and improve efficiency across market participants. First Published: July 03, 2025, 08:09 IST
Economic Times
2 days ago
- Business
- Economic Times
Sebi's Common Contract Note reform poised to boost BSE's cash market share
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Securities and Exchange Board of India's ( Sebi ) mandate requiring exchanges to adopt a Common Contract Note (CCN) is likely to benefit BSE by enabling institutional investors to route orders more efficiently through the exchange. The reform is expected to enhance liquidity and potentially revive trading interest in BSE's cash market segment. Moreover, it could help offset the negative impact of shifting derivatives expiry to Thursday, which had previously weighed on BSE's trading to a Bloomberg report, Jefferies had last month noted in a report that implementing a common contract note could boost BSE's market share in the cash segment, as it will likely remove a key friction point for institutional investors who previously preferred other exchanges due to simpler post-trade market regulator on Wednesday mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP) effective June 27, 2025. This move comes with a view to simplify post-trade processes and boost ease of doing business for institutional now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance headaches. Responding to long-standing demands from industry stakeholders, regulators, in collaboration with exchanges and clearing corporations, developed a single consolidated contract note mechanism with a uniform the new system, all trades executed across multiple exchanges will be consolidated into a single, harmonised contract note, drastically simplifying post-trade reporting. This eliminates the need for investors to process and reconcile multiple contract notes, streamlining the settlement Read: Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds The reform is expected to increase cost efficiency, reduce manual errors, and ease the compliance burden on brokers, institutional investors, and custodians. Additionally, it aligns with the Common Clearing interoperability framework, ensuring consistent and standardised trade reporting across the capital markets ecosystem.
Economic Times
2 days ago
- Business
- Economic Times
Sebi mandates a single VWAP contract note for trade reporting. Who benefits and why it matters
Market regulator Securities and Exchange Board of India (Sebi) on Wednesday mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price (VWAP), effective June 27, 2025. This move aims to simplify post-trade processes and enhance ease of doing business for institutional investors. ADVERTISEMENT Until now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance challenges. Responding to long-standing demands from industry stakeholders, Sebi, in collaboration with exchanges and clearing corporations, has developed a single, consolidated contract note mechanism with a uniform VWAP. Under the new system, all trades executed across multiple exchanges will be consolidated into a single, harmonised contract note, significantly simplifying post-trade reporting. This eliminates the need for investors to process and reconcile multiple contract notes, streamlining the settlement reform is expected to boost cost efficiency, reduce manual errors, and ease the compliance burden on brokers, institutional investors, and custodians. Additionally, it aligns with the Common Clearing interoperability framework, ensuring consistent and standardised trade reporting across the capital markets participants have hailed the move as a game-changer for back-office operations, with many expecting it to improve transparency and operational efficiency in India's capital markets. By reducing paperwork and introducing uniformity, the single VWAP contract note represents a major step towards modernising India's trading infrastructure in line with global best practices. ADVERTISEMENT In another significant development, Sebi has decided to open a special window for the re-location of transfer deeds that were submitted before the April 1, 2019 deadline but were rejected, returned, or left unattended due to deficiencies in documentation, process, or other reasons. This window will remain open for six months, from July 7, 2025, to January 6, 2026. This initiative aims to facilitate easier investing for investors and to safeguard their rights in securities they had purchased earlier. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Sebi mandates a single VWAP contract note for trade reporting. Who benefits and why it matters
Market regulator Securities and Exchange Board of India ( Sebi ) on Wednesday mandated the use of a Common Contract Note (CCN) with a Single Volume Weighted Average Price ( VWAP ), effective June 27, 2025. This move aims to simplify post-trade processes and enhance ease of doing business for institutional investors . Until now, institutional investors and market participants were burdened with separate trade confirmations from each exchange, leading to cumbersome reconciliation, settlement complexities, and increased compliance challenges. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo Responding to long-standing demands from industry stakeholders, Sebi, in collaboration with exchanges and clearing corporations, has developed a single, consolidated contract note mechanism with a uniform VWAP. Under the new system, all trades executed across multiple exchanges will be consolidated into a single, harmonised contract note, significantly simplifying post-trade reporting. This eliminates the need for investors to process and reconcile multiple contract notes, streamlining the settlement workflow. The reform is expected to boost cost efficiency, reduce manual errors, and ease the compliance burden on brokers, institutional investors, and custodians. Additionally, it aligns with the Common Clearing interoperability framework, ensuring consistent and standardised trade reporting across the capital markets ecosystem. Live Events Market participants have hailed the move as a game-changer for back-office operations, with many expecting it to improve transparency and operational efficiency in India's capital markets. By reducing paperwork and introducing uniformity, the single VWAP contract note represents a major step towards modernising India's trading infrastructure in line with global best practices. In another significant development, Sebi has decided to open a special window for the re-location of transfer deeds that were submitted before the April 1, 2019 deadline but were rejected, returned, or left unattended due to deficiencies in documentation, process, or other reasons. This window will remain open for six months, from July 7, 2025, to January 6, 2026. This initiative aims to facilitate easier investing for investors and to safeguard their rights in securities they had purchased earlier.
