0 valutazioniIl 0% ha trovato utile questo documento (0 voti)
540 visualizzazioni20 pagine
Accounts Main role Maintaining book of accounts funds movement Fund inflows / Fund outflows Paying staff incentives Reconciliation of exchange obligation Capital / Revenue Expenditure / Income Modes of receiving client money cheque delivered at HO / local branches cheques are deposited in designated account Limits updated after receipt of clear funds Direct deposit by customer Here customer has to give us copy of the cheque. Customer has to provide copy of bank pass book or bank statement showing debit of the same to his account if these two steps
Accounts Main role Maintaining book of accounts funds movement Fund inflows / Fund outflows Paying staff incentives Reconciliation of exchange obligation Capital / Revenue Expenditure / Income Modes of receiving client money cheque delivered at HO / local branches cheques are deposited in designated account Limits updated after receipt of clear funds Direct deposit by customer Here customer has to give us copy of the cheque. Customer has to provide copy of bank pass book or bank statement showing debit of the same to his account if these two steps
Copyright:
Attribution Non-Commercial (BY-NC)
Formati disponibili
Scarica in formato PPT, PDF, TXT o leggi online su Scribd
Accounts Main role Maintaining book of accounts funds movement Fund inflows / Fund outflows Paying staff incentives Reconciliation of exchange obligation Capital / Revenue Expenditure / Income Modes of receiving client money cheque delivered at HO / local branches cheques are deposited in designated account Limits updated after receipt of clear funds Direct deposit by customer Here customer has to give us copy of the cheque. Customer has to provide copy of bank pass book or bank statement showing debit of the same to his account if these two steps
Copyright:
Attribution Non-Commercial (BY-NC)
Formati disponibili
Scarica in formato PPT, PDF, TXT o leggi online su Scribd
Funds movement Fund inflows/ Fund outflows Passing ledger entries for purchase and sale of securities Making FAN payments Paying staff incentives Reconciliation of exchange obligation Capital /Revenue Expenditure/Income Modes of receiving client money
Cheque delivered at HO/ local branches
Cheques from outstation branches, through CMS Online funds transfer Direct deposits by client to our bank account via cheque Cash
As per exchange rules we are not allowed to
accept cash Cheque
At HO / Mumbai, local branches Cheques are
deposited in designated account. Limits updated after receipt of clear funds. CMS System
Deposit cheque in designated account, which is
with HDFC Bank HO gets statements from HDFC Bank Limits set only after confirmation of clear funds Branch intimates HO about deposits by email Email should have customer name, login id, amount, cheque number etc. Online Fund Transfer
Gateways with ICICI Bank, HDFC Bank, UTI Bank,
Citibank and Centurion Bank By far, widest range of payment gateways with banks Limits updated in real time Direct deposit by customer
Here customer has to give us copy of the cheque.
Customer has to provide copy of bank pass book or bank statement showing debit of the same to his account. If these two steps are not followed,there will be difficulties in giving credit to customer. Pay out of funds
Pay out requests come from email/phone
calls/online Request is noted, processed and the ledger is modified Risk Manager approves the pay out Cheque is made and instructions given In case of online transfer funds can be transferred to HDFC, ICICI Bank or UTI Bank Normally takes 2 working days How Payments Are Made
Payment requests are made through 5paisa
website or phone call to branch/RM/customer care who in turn log payment request on behalf of client on wire All the payments are processed twice in a day and sent to risk for approval Post approval payments files are generated for uploading on internet or for cheque printing Delays
Client payout request comes before exchange
payout Risk related issues - Short sell, Undelivered shares. Third Party Cheques
What are third party cheque?
Debit in account of party ‘A’ if settled by cheque given by party ‘B’. A broker is not supposed to accept third party cheques as it violates SEBI guidelines. Software Used
Tradeplus – Accounting Software
Wire – In house Developed Software For MIS
Client Receipts How Collections Are Accounted
Branches collecting cheques have to enter in
wire.Basic details of cheques & alongwith scan image of cheque Scan image is verified and if matched posting is done Online transfer is directly posted Those using 5paisa website funds can get transferred into our account Bank Reconciliation
Done On Daily Basis
Exchange Related Transactions
Payin & Payout Of Exchange Is Done Daily Basis
Online Margin Requirement Is Monitored & Funded Accordingly Reconciliation Of Exchange Transactions Done On Daily Basis Fundflow Monitoring
Daily Funds Requirement And Arrangement For
Clients & Exchange Is Controlled Statements Are Prepared To Monitor Same Branch Accounting
Data is entered in in-house accounting software
developed Bills are posted and sent to head office for verification Certain payments are made by branch and some by head office Other Functions
Ensure General Ledger Is Updated
Ensure Statutory Payments Are Made On Time Ensure Quarterly Results Are Prepared Group Company Reconciliation Rent, Franchisee, Salary & Incentives Payments Processed Thank You