Back Office Web Linkage
Back office data access utility by client linked through web
Concept & features
Thanks to technology, Stock Brokers now
can expand their operations over a larger geographical region. Now broker can
have a his branch or sub-broker working in a remote village any where in India.
Now a sub-broker does not have to tell his broker to buy / sell a share. He
functions independently within the trading limit set for him.
So far as trading goes, this is perfect,
but what when a sub-broker or branch manager wants to verify their brokerage,
deliveries and other charges that a broker has levied are matching with his data
or for that why should an occasional investor keep on dialing to get his broker
connected or on other hand, why should a broker occupy best of employees into
answering call from clients for confirmations, bills and ledgers?
Internet, an unmatched connectivity as of today has been
put to use by ACERSOFT in ‘BOWL’ so at to give much required accessibility
to back office data of stock brokers, even at night or on holidays, for clients
to help themselves.
Trade file can be updated with
trades on day to day bases immediately on end of trading sessions so that
remote clients can get data as soon as possible. Exact rate after
brokerage will be available to clients. Apart from daily trade, Mark to
Mark Profit / Loss for the settlement to date can also be provided as an
Daily confirmation of data can be
made available in summarised format and if a client so wishes, may click
on a security to have a detailed transactions for that security or may opt
for a detailed report and get full data with each and every trade.
Trades done under different segments
like forward, odd lot, Rolling, Bonds, Auction may be available in single
For that matter, trades executed on
different exchange may also be made available on single confirmation.
As a matter of convenience and
reduce data size, trade details of last 1 month may only be made
Bills / Reports:
Client may also take a cumulative
position in case of weekly settlements on daily bases to ascertain position
till date on running settlements.
On completion of settlement, billing
related data like badla, standard rates, billing information including
Service Tax and Turnover Charges, if any, will be updated on to the web
Since data is available across web,
speed is a factor that needs to be given due consideration. We have worked
out a special format for bill which saves on time and yet easier to
understand for clients than traditional bills that are forwarded by brokers.
Bills amount and delivery pay-in /
pay-out details can be provided as soon as settlement is over in case of NSE,
and as soon as BADLA trades and final Standard rate and margin data is
available from the stock exchange.
Statement of Accounts (Ledger):
Statement of account may be
updated on daily bases and may also display Pay-in / Pay-out details from
latest settlement along with scheduled pay-in / pay-out date.
By referring to ledger, a
remote client may his end verify as to the remittance he has made is being
reflected under his account or not.
Details of deliveries received from /
delivered to client / branch physical / along with demat deliveries over
last 1 month may be made available on line through this site to clients.
Details of deliveries may also have reference of delivering agency and their
docket No. Clients from time to time may verify the entries appearing here
and make themselves sure that deliveries sent by them has been received by
List of not cleared bad deliveries
receivable from clients along with last date for rectification and auction
information may be made available.
Other Market Information:
Other market information like Daily
closing prices, Badla rates, Book closures, No deliveries, Arbitrages
opportunity from BSE - NSE price difference, Short sale statistics may be
selectively made available through site for providing additional reason for
clients to login and retrieve data from web.
E-mails to you:
clients may post their queries and
differences through an E-mail utility or sort of a complaint register
which can be counter updated with answers by concerned department /
persons at brokers end.
Client may put in his request for
any old that (from the one that is made available) on web site. This data
will be made available to broker on daily bases and take action on it and
forward data to client in e-mail form or couriered to him.
A password will be provided for each
account code for access. The user will only be able to access data of
Account he has logged in for. To access data of any other account he may
have to login into other account or a link into other accounts may be
established at our end to give access to all his family accounts. The user
will be allowed to modify his / her own password.
Space can be provided at top
/ bottom / sides of screen to put information relating to other services
provided by company / associated companies or information like closing
process of securities / Currencies etc. Space can also be utilised in the
nature of advertisements.
Print & other options:
User will be allowed to view
/ print / down load data at his option. The printing will be done to his own
printer. Down load may be provided in various formats like Text File, data
files for use by client for his back office purpose.
A full functional utility is
provided to broker to port his data onto web site. Here, broker will not be
required to use any intelligence. All that he has to do is just click on an
icon when his data if ready in all respect to be transferred to web site.
Since we have complete
insight into your back office related data, we have basically no questions
relating to data and thus you are relived of answering question for which
you do not have answers.
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