Block PMS trades that breach client or SEBI limits

Turn each client's signed investment restrictions and SEBI limits into pre-trade and end-of-day checks against holdings and pending orders. The portfolio manager can decide the remedy for each genuine breach while operations reports active breaches promptly and tracks passive ones to correction.

Starts when

A new PMS client agreement is signed with investment restrictions
A client signs a change to a restriction, lower related-party limit or passive-breach waiver
An order is proposed for a PMS client portfolio
The daily post-trade position check shows an exception

People in the process

PPMS OperationsProcess Owner
CComplianceParticipating Team
DDealing TeamParticipating Team
PPortfolio ManagerParticipating Team

The process is a starting point. The standards are yours.

Configure for the SEBI registration, exchange membership and business activity. Broker, fund, portfolio-manager and investment-adviser requirements are separate.

Keep the work connected.

PMS Operations

Bill PMS fees only as the client agreement allows

Recompute management fees, performance fees and expenses from the signed fee annexure, custodian portfolio values, the high-water mark and regulatory caps. Finance can settle disputed inputs and invoice only the signatory-approved fee, avoiding refunds, complaints and fee arbitration.

FCC

Compliance

Reconcile client funds and cover any shortfall the same day

Compare client money at the bank, clearing member and clearing corporation with client credit balances, and trace every break to a timing difference, wrong allocation or misuse. Finance can fund any shortfall the same day it is found while Compliance reports it and closes the break with evidence.

Margin Operations

Report client margin only as actually collected

Reconcile each client's collateral and collection records with the margin file and the clearing corporation's rejection or shortfall report, and classify every difference. Margin Operations can submit corrected files before the cut-off and avoid both short-collection penalties and false reporting.

RCC

Explore all Capital markets processes.

Order for the work. Room for the people.