What Are the Key Enhancements in the Ledger?
Margin Entries (T Day) | Posted on T day, previous margins not displayed. | Posted on T+1 day, & previous day margin debited will be reversed. |
MTM Entries (T Day) | Posted on T day. | Posted on T+1 day. |
MTF Ledger | MTF (Margin Trading Facility) entries were included in the regular ledger | A dedicated MTF ledger has been introduced, allowing clients to view all MTF-related entries independently |
*T being the Trade day
Old Ledger Sample margin entry for trades done on 25th Mar 2025
New Ledger
You can access the MTF ledger by clicking on ‘Only MTF’ button.
Why This Change?
- To ensure better alignment with the settlement cycle and minimize discrepancies.
- To provide detailed and transparent MTM and MTF reporting for improved client reconciliation.
Impact on Clients:
- Cash segment entries will continue to follow the same posting timeline, ensuring no change in reconciliation.
- Derivative-related entries will now reflect on the T+1 (T being trade day) with accurate settlement date posting.
- MTM and margin entries will be posted correctly on the settlement day (T+1), reducing discrepancies.
- MTF transactions can now be reviewed separately through the dedicated MTF ledger.
How to Verify the Changes:
- Compare your contract note details with the ledger to ensure that the final rounded amount is accurately posted.
- Access the new MTF ledger to track margin-related activities separately.
- Click here to read more about the updated contract note format.
Frequently Asked Questions
✅ Earlier:
- Margin entries and MTM entries for trades executed on T date were posted on the same day (T), and previous day margins were not displayed.
✅ Now: - Both margin and MTM entries for T date will be posted on T+1 day.
- Previous day margins will be reversed and displayed accordingly.
✅ Yes, the Trade Date field will be replaced with Date to align with the revised posting cycle.
✅ Earlier:
- MTF (Margin Trading Facility) entries were included within the regular ledger, making it difficult to view MTF-ledger separately.
✅ Now: - A dedicated MTF ledger has been introduced, allowing clients to view and reconcile MTF-related entries independently for better clarity and understanding.
You can access the MTF ledger through your regular account login. Navigate to the ledger section and select the Only MTF option to view MTF ledger seperately.
No, cash segment entries will continue to follow the same posting timeline, ensuring no change in reconciliation for cash trades.
To verify the changes:
- Compare the contract note details with your ledger to ensure the final rounded amount is accurately posted.
- Access the new MTF ledger to track and reconcile margin-related activities separately.
No, these enhancements are aimed at improving transparency and reporting. There are no additional charges associated with these updates.
These changes will be effective from April 1, 2025