Order Matching System
NSE operates on the 'National Exchange for Automated Trading' (NEAT) system, a fully automated screen based order matching system, which adopts the principle of an order driven market.

The participant has an option to put lend orders; borrow orders, early recall orders and early repayment orders.


Market Timings
The platform for borrowing and lending is available on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). Participants can also put early recall and early repayment orders on the trading platform.

The market timings of the Securities Lending & Borrowing Market are:
Market Open: 09:15 hours
Market Close: 15:30 hours


Note: NSCCL may however close the market on days other than the above schedule holidays or may open the market on days originally declared as holidays. The NSCCL may also extend, advance or reduce market hours when its deems fit and necessary.


Securities Available for Borrow / Lending


Parameters
The parameters for SLBS are as follows:-

Series	01,02,03,04,05,06,07,08,09,10,11 & 12
Permitted Lot Size	1
Tick Size	Rs. 0.01
Price Band	No Band with operating range of 40%
Mkt. Type Indicator	N (Normal Market)
Book Type	RL (Regular Lot) / SL (Stop Loss Market)
Order Type	Borrow/Recall Lend/Repay
Settlement Date	Settlement Date Settlement Date of Reverse Leg applicable for the series

Trader Workstation

The trader workstation is the terminal from which the member accesses the borrow and lending system. Each member has a unique identification by way of Participant ID and User ID through which he is able to log on to the system for order entry purposes. A ‘participant’ can have multiple user IDs allotted to him by which he can have more than one employee using the system concurrently.

Order Entry – Borrow/ Recall orders can be entered in SLBS using the function keys [F1]. Similarly, Lend/ Repay orders can be entered in SLBS using the function key [F2] and selecting ‘RL’ / ‘SL’ in the Book Type field. Participants can select between Borrow or Recall in case of [F1] and Lend or Repay in case of [F2] by toggle key.

With respect to orders in the SLBS, Participants may note the following:

• Order Type: - Select between Borrow / Recall using the function keys [F1] or Lend / Repay using the function keys [F2]. Participant can select between Borrow or Recall in case of [F1] and Lend or Repay in case of [F2] by toggle key.





• Book Type – Select between Regular Lot (RL) or Stop Loss (SL) order





• Quantity – Order quantity should be in multiples of Market Lot.





• Price – In price field member has to enter fees for securities lending & borrowing. They can enter either market orders or limit price orders. Order price for limit price orders should be in multiples of tick size.





• PRO/CLI - Both ‘Proprietary (Pro)’ and ‘Client (Cli)’ orders are allowed.





• Time Conditions – User can specify time conditions as ‘Day’ or ‘IOC’.





• Participant Code – A valid Custodial Participant Code has to be entered in this field.


 

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