Latest news with #CommonContractNote
Economic Times
a day 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.
Time of India
a day ago
- Business
- Time of India
Sebi's Common Contract Note reform poised to boost BSE's cash market share
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 volumes. According 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 processes. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Average Cost To Rent A Private Jet May Surprise You (View Prices) Private Jet I Search Ads Learn More Undo The 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 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 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 VWAP. Under 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 workflow. Live Events Also 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
a day ago
- Business
- Economic Times
Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds
Sebi has opened a six-month window from July 7, 2025, for investors to re-lodge rejected share transfer deeds lodged before April 1, 2019. It also mandated a Common Contract Note with single VWAP to simplify post-trade processes for institutional investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In a major relief for investors who missed the deadline to re-lodge transfer deeds for physical shares , the Securities and Exchange Board of India (Sebi) has announced a six-month special window from July 7, 2025, to January 6, 2026, allowing shareholders to re-lodge transfer documents that were lodged before April 1, 2019, but rejected or returned due to move comes after SEBI received numerous representations from investors, Registrars and Transfer Agents (RTAs), and listed companies highlighting that many shareholders were unable to meet the earlier cut-off date of March 31, consultations with a Panel of Experts, Sebi decided to offer another opportunity to protect investors' rights and facilitate ease of this special window, all re-lodged securities — including pending requests with companies or RTAs — must be issued only in dematerialised form. Listed companies and RTAs are required to ensure proper processing of these transfer-cum-demat requests in compliance with Sebi SEBI has directed listed companies, RTAs, and stock exchanges to actively publicise the special window every two months across print and social media to reach affected teams must be set up by RTAs and listed firms to handle these requests, and detailed monthly reports covering publicity efforts and re-lodged shares must be submitted to initiative, issued under the powers granted to SEBI by the SEBI Act and relevant regulations, aims to protect investors' interests and ensure the orderly transition from physical to dematerialized securities, furthering the regulator's efforts to modernize and secure India's capital another news, the market regulator 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 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 VWAP.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
29-04-2025
- Business
- Business Standard
Markets set to implement common contract note framework this week
A contract note serves as a formal record of transactions, detailing the number of shares, price, brokerage charges, taxes, and other key information Premium Khushboo Tiwari Mumbai Listen to This Article After multiple extensions over the past year, the Indian markets are set to implement the Common Contract Note (CCN) framework this week in a move expected to benefit foreign portfolio investors (FPIs) and other institutional players, and seen streamlining trade settlements. A contract note serves as a formal record of transactions, detailing the number of shares, price, brokerage charges, taxes, and other key information. Currently, brokers issue separate contract notes for each exchange, even for the same order, often leading to differences in pricing. Under the new system, a single weighted average price (WAP) will be calculated for orders executed
