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How will the AMC / CAMS ascertain instrument credit information for all Purchases?

April 26, 2017AMC ascertain cams credit instrument purchases

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How will the AMC / CAMS ascertain instrument credit information for all Purchases?

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CAMS already has integrated the FundsNet settlement operations with HDFC Bank. In addition, CAMS is in discussion with several Banks for integration. FundsNet will be integrated with this banking product. This will help track all instruments at individual level. It will facilitate bank reconciliation and also assist in ensuring other controls like to check if all instruments of a day are banked etc.