How will a member do the reconciliation of deals settling through CCIL?
Banks can reconcile the status of their deals on T day itself, taking note of all Unmatched, Overexposed and Accepted deals the details of which are available in the Deal Status Report. a) Accepted: Deals with status ‘Accepted’ are accepted for settlement. Hence the same can be treated as settled through CCIL. b) Pending Match: This status can change up to cut-off batch on S-1 for Spot and forwards and up to cut-off batch on S day for Cash and Tom deals. Spot and forward deals which continue to be unmatched on S-1 after the cut-off batch will be rejected. Cash and Tom deals which continue to be unmatched till the cut-off batch will be rejected on S day. c) Pending Exposure deals: The pending exposure deals will be carried forward till S day and if an offsetting cash or tom buy is reported by the member then the pending exposure trade would be accepted for settlement.
