NSDL offers a secured Internet based service for clearing members (such as brokers) of the stock exchanges linked to NSDL. This service named SPEED (Securities Position Easy Electronic Dissemination) enables the clearing members to view details of their clearing member pool accounts directly on the Internet. Data available include:
- Balance lying in CM Pool account
- Transactions for securities delivered by the clients (for Pay-in)
- Transactions for securities delivered by clearing member to Clearing Corporation (Pay-in) including instructions in status 'Overdue', i.e. those pending for credits from clients and Inter-Settlement transfers
- Transactions for securities delivered by Clearing Corporation to clearing member (Pay-out)
- Transactions for securities delivered by clearing member to clients (after Pay-out) including instructions in status 'Overdue', i.e. those pending for credit from pay-out
All the above data can be downloaded and input in clearing member's back office for further use. This facility will be of immense help to the clearing members as the downloaded data can be applied in their back-office system to automatically flag the clients who are yet to deliver the securities for pay-in. This will enable them to follow-up with such clients for pending deliveries.