CLASS™ is the futuristic Back office Clearing & Settlement System. It provides superior services for billing, share delivery and inventory tracking. With CLASS™ you gain the ability to respond better to customers needs by having instant access to information about their billing, delivery status, inventory, and accounting data.

The outstanding feature of CLASS™ is its integration with its MiMONEY that makes it a valuable asset for any Securities Company.

Features of CLASS™

• Merged Billing Option for sale/purchase bills (unique bill number assigned for all symbols to clients like difference bills).
• Agent Return Commission % for total trade commission of clients.
• Provision to copy existing COT slab for the same or different agent.
• Multiple COT flags.
• Covers all the aspects of the trading sessions. i.e. Normal Market trades, Spot trades, Future trades handling different types of future trading sessions simultaneously.
• Equipped with Tax deduction % option and invalid KATS trade code setup.
• Offers normal trade sessions for Normal, Spot, Future trades and in-house future clearing sessions.
• Comprehensive commission policy for Ready, Spot, Future, COT, Short Sale, COT, Roll over COT, COT Releases etc transactions, CVT etc.
• Provision to calculate normal policy based commission on unprocessed data.
• Provision to charge rupee/percent wise commission on trades.
• Calculates COT Release Weekly Commission.
• Manual Commission for Delivery, Difference Trade.
• Updates trades according to Stock’s adjustments (Date, Rate).
• Provision to merge clearing dates according to Stock’s notifications.
• Verifies KATS Data and validates Day Trade Transactions Type, Clients, and Company etc.
• Complete Information of Transactions with maximum criteria of filtrations.
• Complete Data validation for all inputs.
• Auto generates Hawala transactions to reconcile incoming out going deliveries.
• Clearing process also takes effect on ledger and inventory
• Provision to split, transfer delivery quantity/ change commission on bills, proceeds which auto take effect on ledger, inventory.
• In House future clearing provision on the basis on self defined clearing sessions.
• CDC interface to add deliveries according to CDC code and ISIN ID and store CDC ID for back tracking of deliveries.
• Detailed Comprehensive reports including temporary clearing process with maximum criteria, Daily Spot Transactions, Daily Statement, C to C Transactions, Daily Transactions, Client Summary, Client Statement, Client Confirmation, Clearing Position W.R.T. KSE, Clearing Position Scrip Wise, Clearing Wise Client Delivery /Commission Position, Stock’s Payment Order, Hawala Report, Client Statement Short, Share Delivery Position (Company With Client), Agent Commission Structure, Client Receivable/Payable, Agent Net Commission, Weekly Future Clearing Payment Position.
• Easy application to take database backup and recover in case of any disaster.
• Provision to manage newly registered companies in stock exchange known as Provisional.
• Temporary Clearing Procedure to Confirm Client position before Actual clearing Processing.
• The system possesses High-level security from database to application accessing.
• Accessing Rights apply on (Accessing Timing, Days, Interfaces, Interface Forms & Form Procedures Level).
• Administrator possesses the complete authority to restrict any user for any task up to DML operations.