Capital Market Brokers

Clearing Bank Services to Currency Derivative Brokers 
HDFC Bank is the leading clearing Bank for currency derivative segment of National Stock Exchange of India Limited (NSEIL), BSE LTD. Limited (BSE) and Metropolitan Stock Exchange of India (MSEI)

HDFC Bank with its rich and multitudinous expertise as clearing Bank, is poised to cater to the needs of all intermediaries, particularly brokers, in currency derivative segment. Bank is offering slew of products to suit working capital requirements of the brokers and can also offer structured products, to meet specific requirements for the clearing member. 

For more details, please contact Arun Bhura on 9339838461 / Xersers Davar on 9328209629 / Samit Mehta on +91-9323851617
 

Clearing Bank Services to Capital Market Brokers 
HDFC Bank Limited is the leading clearing Bank for National Stock Exchange of India Limited (NSEIL) and BSE Limited (BSE) offering a range of products and services in the Capital Market Business.

HDFC Bank is also a Clearing Bank for other Stock Exchanges in India namely, Calcutta Stock Exchange., The clearing and settlement bank activities are handled by the Capital Market Division of the Bank, which is manned by highly experienced staff specifically trained to handle the ever changing/ urgent requirements of the clearing members.

The Bank is a leading Settlement Bankers for Capital & Commodity Market .The Bank has dedicated Relationship Managers managing the relationships from major locations. We provide banking services to:

1. Trading Cum Clearing Members in Equity, Derivatives, Currency, Mutual Fund Segment & Commodity Exchanges
2. Trading Members of Professional Clearing Members (PCM's)
3. Sub Brokers / Remissiers / Authorised Persons of Clearing Members
4. Clients of Clearing Members

For more details, write to us at  Capitalmarkets@hdfcbank.com

HDFC Bank offers structured financial products to meet brokers working capital requirements for their Exchange related obligations.

The funding is provided at competitive interest rates subject to internal credit assessment process of the Bank and RBI regulations.

For more details, write to us at  Capitalmarkets@hdfcbank.com

Bank guarantees favouring various exchanges to meet:

• Base capital
• Security deposit
• Margin requirements as stipulated by Exchanges.

HDFC Bank extends overdraft against shares to brokers at competitive rates to meet the working capital requirements. These are subject to margins/ norms stipulated by RBI from time to time and internal credit assessment norms.

HDFC Bank also provides Overdraft against Fixed Deposits.

Payment gateway or interface as it is called, essentially is a platform wherein an individual logs on to internet, goes to a brokers Internet trading portal and transacts as desired. The underlying monetary consideration of the transaction would be routed through the designated bank accounts of the originator and beneficiary of the transactions.

There are two models of payment gateway that we offer to brokers of our segment. The products are designed keeping in view the needs and requirements of the segment. 

• External Payment Interface (EPI)
• E-Broking / Server to Server model

External Payment Interface:
EPI is a facility, which will provide the broker with the option of accepting online payments for online purchases made by his clients / customers who are HDFC Bank account holders having Net Banking passwords. 

E Broking model (Server to Server):
Ebroking model is provided to brokers who are interested in recovering only partial funds from the client for execution of trades. The model is also suitable for Non-resident client transactions. The E broking model is basically developed around the need to place funds on hold / block the funds & then release or / & transfer the same based on request. 
The interface protocol is based on the exchange of XML messages between the bank and the external entity.

The bank offers automated banking solutions to stock/commodity brokers through its corporate net-banking software, ENet™. 

How ENet™ will be useful for stock/commodity brokers:

Fund transfers
Pay-in of funds & ABC confirmations: From your office, funds can be transferred from client A/c to settlement A/c instantly for meeting the exchange deadlines without sending any instruction/cheque to the bank. Similarly, for confirmation of additional capital to the exchange, funds can be transferred immediately to your Settlement A/c using ENet™, thereby completing the confirmation process in very little time and getting benefit of exposure.

Pay-out of funds & client payments
On receipt of pay-out from the exchange in your settlement A/c, ENet™ will allow you to transfer funds to your client A/c for making payments to your customers having account with any of the HDFC Bank branches on one-to-one basis or bulk-upload basis without issuing cheques.

If your salary accounts are with HDFC Bank, then you can make salary payments to your employees merely by uploading a file through the CMS - disbursement module. There is no need for a letter and a floppy to be given to the branch, thus saving a lot of time at your end

For more details, write in to us at Capitalmarkets@hdfcbank.com