TROPS: Money Market Services for Mutual Funds

For mutual fund customers, the system can handle the following two types of activities:

• SGL Transactions

• Call Money Transactions

SGL Transactions

Mutual funds may have their own PAD, PDO and current accounts with the RBI, but the data maintenance for their transactions and report generation, etc. can be handled by the bank through this module.

A mutual fund customer may have multiple “schemes”, for which transactions are handled separately.

The module covers the following for SGL transactions for mutual fund customers:

• Purchase of securities.

• Sale of securities.

• Repo and Reverse Repo transactions, including their settlement and the second leg transactions.

• Dematerialization and rematerialization of securities (swap of assets).

• Transferring security balances for a customer from one branch to another.

• Transfer

• Transfer transaction from one scheme of a mutual fund to another scheme of the same customer.

• Tracking of physical security certificates in case of purchase and sale transactions in the physical mode (not dematerialised).

• SGL Form III printing for sale transactions.

• PDO Form 47 printing for swap of assets.

• Disbursement of interest receipt from RBI.

• Redemption of securities on maturity.

• Customer billing for services rendered.

• Generation of various analysis reports for internal use, customers and statutory purposes.

Call Money Transactions

Call money borrowing and lending transactions, up to their settlement and repayment are handled:

• Borrowing / lending instructions

• Call money deal

• Settlement of call money transaction (cheque payment, etc.)

• Repayment of borrowing / lending

 Reports

 SGL Transactions

• Transaction List

• SGLs Issued Statement

• SGLs Received Statement

• List of transactions reversed

• Unconfirmed purchases

• Security-wise Customer-wise balance report

• Customer-wise security balance report

• Credit advice

• Debit advice

• Repo Deals Maturity

• Reverse Repo Deals Maturity

• Forward Deal Report

• Deal confirmation

• Reverse and Reverse Repo Deal confirmation

• Customer Status Report

• Customer -wise billing report

• Securities Maturing in next <n> days

• Customer -wise distribution of interest

• Security-wise break-up of interest received by a Customer

Call Money Reports

• Daily Transactions for RBI

• Call Money Maturity Statement

• Call Money Borrowing Statement

• Call Money Lending Statement

• Repayment of Call Money Borrowing

• Receipt of Call Money Lending

• Call Money Outstanding report

• Scheme wise - Details of Amount borrowed

• Scheme wise - Details of Amount placed

• Reconciliation report - Deals for the day

• Borrowed Deal confirmation

• Lending Deal confirmation

• Call money placement maturity

• Call money borrowing maturity

 Other Reports

• End of Day Activity Report

• Month-end Report

• User's profile report

• Data Base Administration Report

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