California Board of Accountancy’s Post

Q: Explain the difference between Account report and statement report I,e CAMT.052 and CAMT.053 Ans: camt.052 – Bank to Customer Account Report   ◦ This is your intraday information  ◦ Provides the customer with a near real time view of their account(s)  ◦ The camt.052 replaces the MT942 camt.053 – Bank to Customer Statement  ◦ This is your previous / prior day bank statement  ◦ Provides the customer with detailed and structured information on all entries booked to their account for the previous day  ◦ The camt.053 replaces the MT940 #payments , #nehapandhare

NSE introduced Beta version of T 0 rolling settlement cycle on an optional basis in addition to T 1 in March; to communicate revised date separately #NSE #TPlus0Settlement

The transition to T 1 settlement in North America has brought about significant operational challenges, particularly for smaller firms. These organisations are more susceptible to settlement fails due to their limited resources and smaller teams, which must now handle the compressed settlement timeline. https://lnkd.in/e_zNyKnw #T 1 #tradeprocessing #tradesettlement

The transition to T 1 settlement in North America has brought about significant operational challenges, particularly for smaller firms. These organisations are more susceptible to settlement fails due to their limited resources and smaller teams, which must now handle the compressed settlement timeline. https://lnkd.in/e_zNyKnw #T 1 #tradeprocessing #tradesettlement

The transition to T 1 settlement in North America has brought about significant operational challenges, particularly for smaller firms. These organisations are more susceptible to settlement fails due to their limited resources and smaller teams, which must now handle the compressed settlement timeline. https://lnkd.in/e_zNyKnw #T 1 #tradeprocessing #tradesettlement

Transaction Limits enhanced on myabl and ATM transfer (FT,IBFT & RAAST)

AVN BUY CALL Entry: Rs 55.50 - 53.50 Target 1: Rs 58.00 Target 2: Rs 60.00 Target 3: Rs 61.80 Closing above Rs 62.00 level will proceed it towards Rs 64.00 and 67.50 level Stop loss: Below Rs 51.00 closing basis Time Duration: Swing Trade Risk Level: Medium #avn #psx #webiaz

Reversal Trade Cancellation Mechanism (RTCM) NSE has introduced a “Reversal Trade Cancellation Mechanism (RTCM)” on an intraday basis to cancel trades that satisfy the conditions of a reversal transaction between two PAN or CP Codes. To safeguard the interest of investors and to restrain abnormal/non–genuine transactions to transfer profit/loss between entities or create artificial volume in Securities. The RTCM will be applicable for all the trades executed (CM Segment) between 09:15 am and 3:00 p.m. (RTCM shall not apply from 3:00 p.m. to 3:30 p.m.). The Exchange shall automatically cancel the trade on an intra-day basis on the pre-defined parameters. Upon such trade cancellations, the trading member shall get the below message on the respective trading terminals. “Trade CXL: < Trade details> Trade Cancelled by Exchange User Id (Dealer ID)” This circular shall become effective on July  07, 2024. The NSE circular is included here for you to take a look at. #Compliance #BFSI #PMLA #Stockbroking

A Balancing Act...Is the Speed of T 1 Overlooking Mechanisms Designed to Protect the Consumer? Beneath the surface of T 1's seemingly straightforward improvements lies a complex ecosystem of executing brokers, clearing firms, and custodians, each playing a critical role in the lifecycle of a trade. This complexity, especially in scenarios involving Delivery Versus Payment (DVP) and Prime Brokerage, raises essential questions about the operational and regulatory checks in place to safeguard customer interests and ensure market transparency. Read more and reach out to Loffa Interactive today to see how we can work together to ensure your firm safely walks the high wire between your clients and the market! https://lnkd.in/gPFAYWEK

Major changes are coming to #ATMs… and time is running out. Popular #NCR and #Diebold models will reach #EndOfLife and existing ATMs may need to be upgraded to meet #PCI compliance by years end. Here’s what you need to know. #pcimandate #atmcompliance #replacementatms #atmoutsourcing #atmmanagement #itms #cash #atmservices #atmasaservice #offpremiseatms #bankatm #creditunionatm #financialinstitutions #atmusa