Page 50 - BANKING FINANCE November 2018

B U A

R anks s are eing ad ised o the a oint ent net orks C and card net orks shall acilitate
o SSMs De art ent o anking Su er ision Central artici ation issuers in and card net orks
ice R
hese guidelines are issued under Section read ith
n ie o the a o e it has een decided to discontinue Section o the a ent and Settle ent S ste s
the ractice as entioned in the a oresaid circular ct
dated Dece er
ours aith ull
ours aith ull asude an
R u a an an Chie eneral Manager
Chie eneral Manager in charge
Dire ion or Cen ral Coun er ar ie
re ai a en n ru en
CC
ui eline or n ero era ili
R 0 0
R 0
cto er
cto er
lease re er to the announce ent ade in the Second
re erence is in ited to the Master Direction
i onthl Monetar olic Re ie dated une
D SS C D o dated cto er
regarding issuance o directions relating to ca ital
u dated as on Dece er on
re uire ents and go ernance ra e ork o Central
ssuance and eration o s M D s er the road
Counter arties CC s as also ro iding a ra e ork or
a laid do n therein intero era ilit o all C
recognition o oreign CC s
co liant s as to e ena led in three hases i
intero era ilit o s issued in the or o allets ccordingl the directions go erning the unctioning
through ni ied a ents nter ace ii o CC s are gi en in the nne to this circular or
intero era ilit et een allets and ank accounts co liance he CC s shall continue to ensure
through and iii intero era ilit or s issued in co liance ith the rinci les or inancial Market
the or o cards through card net orks n rastructures M
n order to re are etter or i le entation o
hese directions are issued under Section read ith
intero era ilit consolidated guidelines or ena ling all
Section o the a ent and Settle ent S ste s
hases are enclosed artici ating issuers ho
ct ct o and shall co e into orce
choose to ado t intero era ilit shall ensure adherence
ith e ect ro the date o these directions
to the enclosed guidelines in addition to the
instructions on C securit or transactions and
ours aith ull
a lication li e c cle c er securit raud re ention
asude an
and risk anage ent as in the M D
Chie eneral Manager
anks shall also e guided the R circulars D S C
CS C dated une on
e le roni ra in la or Re er e
C er Securit ra e ork in anks and
D S C C C o dated ril ank Dire ion
on orking rou on n or ation Securit
R 0 0 55
lectronic anking echnolog Risk Manage ent and
C er rauds le entation o Reco endations cto er
as a lica le
lease re er to aragra h o the State ent on
urther ore all artici ating issuers shall e guided
De elo ental and Regulator olicies Reser e ank
the technical s eci ications standards re uire ents
o ndia issued as art o the ourth i onthl
or achie ing intero era ilit through and card
Monetar olic State ent or dated cto er
net orks as er the re uire ents o ational a ents
herein it as stated that the Reser e ank
Cor oration o ndia C and the res ecti e card
0 | 2018 | NOVEMBER | B N N N N E