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SEBI has ruled that ANY account opened with ANY Capital
either NDML or CVL
Market intermediary shall be registered with a KRA,
shall upload the KYC information on the KRA system
and send the KYC documents to the KRA in 10 days
After doing KYC of new clients , the intermediary
Depository Participants
Brokerages
Wealth Management companies
The KRA system shall be applicable for all NEW client accounts opened from 1 Jan 2012.
For client accounts opened between 1-31 Jan 2012, the intermediaries may upload the KYC data on the KRA system and send the relevant KYC documents to KRA, by 15 Feb 2012.
However, for client accounts opened from 1 Feb, 2011, the intermediaries shall follow the New SEBI requirement
Existing clients can continue to trade / invest/ deal with their intermediaries as per the current practice.
CMC Ltd. has announced that is ready with a
KRA Back Office software solution
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
WHAT DOES CMC-KRA DO ?
KYC Inward
Capturing SEBI mandated
KYC details
Exporting KYC data to CVL
in Batches
Import of CVL Response
Data correction for errors
Re upload of corrected
records to CVL
Maker-Checker facility
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
Import of CDSL Back-Office
master
Import of NSDL client
master
Mapping of DP data with
KRA data
Capturing the additional
KRA details
Maker-Checker
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
Scanning of KYC forms,
PAN card, Address proof,
etc.
Encryption and Archival of
the scanned documents
Document retrieval for
verification
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
Despatch of KYC forms and
other documents to CVL
with dispatch id
Auto generation of covering
letter for CVL
Update proof of delivery
(POD)
Follow up letter to CVL
Rejection handling and
intimating the customer
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
Inward of change request
Capturing the change in
KYC details
Uploading the changes to
CVL
Importing the response
from CVL
EOD file import for KYC
changes
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
Track cash collected
Upload KRA charges in DP
and Broker back office for
billing
Reconciliation of the billing
details with CVL Invoice
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
KYC Inward
KYC Processed
KYC Rejected
KYC Completed
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
Online, with DpSecure and
BroSecure (CMC’s back
office solutions)
XML, for other back-office
Offline:
NSDL and CDSL formats
BSE and NSE formats
WHAT DOES CMC-KRA DO ?
KRA Account Opening
Import DeMAT Accounts
Manage Documents
Track Documents
Modifying KYC Details
Billing Reconciliation
Analytics
Interface
ICICI BANK
CMC has the complete solutions suite for the Capital Market
NSE/BSE
F&O
MCX/NCDEX
? Other
ITES ServicesDP Central Processing
Generic
HR & Payroll on-cloud
Email Scrubbing:: Also On-cloud
* Financial Planning powered by OMNIMaxTM. OMNIMax is the trademark of Omnimax Software Ltd., New Zealand
Delivery Options
Hosted
Solution owned by you;
We host and manage it dedicatedly for you in
a data centre with the infrastructure on rental
On-Premise
solution installed on your premises
«« Benefits
1. No capex
2. Failover and DR available
3. Pay only for what you use
On-Cloud
Pay-As-You-Go
The CMC Edge + Safety Factor
No other company offers ALL the solutions
Complete Back-Office suite on SINGLE platform
On-premise, Hosted and On-Cloud models
Managed Services offered
A copy of the SEBI Circular may be obtained by sending a mail to CMC Ltd.
is India’s oldest and most experienced IT
solutions and service provider to Stock
Exchanges, Banking & Financial Institutions
and Insurance companies.
is Part of the Tata Group
has implemented projects of national
importance
• Passenger Reservation System for Indian
Railways irctc;
• BOLT an online -trading system for Bombay
Stock Exchange
• Depository System for CDSL.
CMC…
Click icon to send mail
Mention “Send KRA circular” in subject line
Send Mail to [email protected]@cmc-dpsecure.net
Mention ALL of the following contact details:NameCompanyDesignationCityPhone (Board + Extension)Email (company email id)
Ask CMC LTD. for a copy of the SEBI CIRCULAR
to discuss your requirement
Call Ravi 8080274490
: cmcltd.com/products/wealthplanned.htm
: wealthplanned!
: @wealthplanned
Thank you for seeing this presentation
WealthPlanned! is the trademark of CMC Ltd., India Financial Planning powered by OMNIMaxTM. OMNIMax is the trademark of Omnimax Software Ltd., New Zealand.
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