 Presently, for the purposes of NCSS Money Settlement, Clearing
Members (CMs) are required to designate Only One Bank Account in the
Designated Branch of a Settling Bank and entered into a Tripartite
Agreement with NCCPL and Settling Bank.
 In order to provide further facilitation to CMs to manage their NCSS
Money Settlement more efficiently and effectively, CMs have been
allowed to designate more than one bank account in any of the
Designated Branch of a Settling Bank.
 To avail this facility, CMs shall be required to enter into a Tripartite
Agreement with the required Designated Branch of Settling Bank and
NCCPL.
 Accordingly, CMs can settle their NCSS Money Obligation with any of
the Designated Branch of Settling Bank.
EXECUTION OF TRIPARTITE AGREEMENT
 With the implementation of this facility, CMs will be allowed to maintain
Multiple Settling Bank Account with NCCPL.
 For addition of any new Settling Bank, CM shall be required to enter into
Tripartite Agreement with any of the Designated Branch of Settling
Banks.
 Accordingly, additional Settling Bank Account shall be inducted by
NCCPL as an additional Settling Bank of the CM .
NCSS SETTLING BANK SCREEN:
 Existing Settling Bank Account of CMs will be considered as Main
Settling Bank Account for NCSS Money Settlement.
 In order to designate any other bank account, a new “CM Settling Bank
Screen” has been made available in the CM Module of NCSS.
 CMs who have more than one Settling Bank Account, will be allowed to
identify the required Settling Bank Account on SD-1 i.e. a day before the
Settlement Date as per the Designated Time Schedule.
IDENTIFIED SETTLING BANK
 All NCSS money settlement and collateral requirements shall be processed
through the identified settling account for that Settlement Date.
 The identified Settling Bank Account shall be applicable only for a single
Settlement Date.
REVERT TO MAIN SETTLING BANK
 At the end of relevant Settlement Date, NCSS shall automatically revert to the
main Settling Bank Account of a CM for onward NCSS money settlement.
 However, CMs who desires to continue their NCSS Money Settlement other than
main settling bank account, will be required to identify the required bank account
on daily basis on SD-1.
Thank you !