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Why is there disparity between the opening balances recorded on the Daily Transaction Statement of The NSE back-office and that of the Settlement Banks?

April 26, 2017back-office balances disparity NSE opening recorded transaction

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Why is there disparity between the opening balances recorded on the Daily Transaction Statement of The NSE back-office and that of the Settlement Banks?

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The Daily Transaction statements of The NSE give instant debits and credits on transaction date. Credits are only reflected on the settlement banks opening balances on T+3 as agreed. In effect, the different opening balances are not expected to be the same daily. The balances reflected on the daily transaction statements of The NSE are at best, to help the stockbroking firms to reconcile the opening balances stated by the settlement banks.