Orbis Financial Corporation Case Study
Orbis Financial Corporation Ltd., a custodian, works as an efficient stock market
intermediary facilitating smooth execution and settlement of daily trades through
sophisticated technology and systems developed in-house. Transparency and
effectiveness of its functioning, is further enhanced due to its zero conflict business
model, as a Non Broker, non-banker and Non Fund Manager with unidirectional
focus on custodial services.
The team at Orbis is a group of professionals which endeavors to provide high
quality, customized products and services to its customers, holding high the
Company’s mission to work Honestly, Fairly & Professionally imbibing Best
Practices in client's interests. At the helm of the team are Mr. Atul Gupta, …show more content…
It holds the Power of
Attorney of the bank account of the client to make available the funds to the
clearing corporation as and when required so that the trades made by the client are
smoothly settled. Since Orbis is a non-bank custodian, it blocks the funds of the
client only for the purpose of trades without any conflict of interests.
When it comes to core functioning of ORBIS, it follows diligent and standardized
processes in all its departments which are verified through the maker and checker
principle for keeping all possible errors at bay. Its state of the art infrastructure
helps in tracking real time changes in security prices and communicating margin
requirement of investors to minimize their risks. It provides ‘safety’ to securities
both, physical and virtual. The physical shares are stored in vaults with all security
measures and the virtual shares are held in the Demat accounts of its clients opened
by the custodian in capacity of a depository participant with the depository …show more content…
By comparing all this information within built systems verified by manually to
minimize any kind of loss to the client arising from mismatch of trade orders.
Through this process it does trade validations. On any discrepancies found, it
reconfirms with the client and informs the exchange and rejects such trades.
Once the trade validation process is complete. It undertakes to check the
availability and transfer of funds(in case of a buy order) and of securities(in case of
sell order) to settle the trades. This information is then communicated to the
clearing and settlement agencies to the stock exchanges who in turn settle the trade
at the exchange. We at Orbis understand the value of money of our clients and
make sure that the clients are timely informed about their balance requirements for
making trades so that they can make use of every opportunity available in the
market.
On behalf of the clients, Orbis does all the regulatory liasoning and fullfil the legal
requirments for investors, especially FIIs and HNIs. It also arranges for broker and
banking services and extends the benfits of its professional relationships
intermediary facilitating smooth execution and settlement of daily trades through
sophisticated technology and systems developed in-house. Transparency and
effectiveness of its functioning, is further enhanced due to its zero conflict business
model, as a Non Broker, non-banker and Non Fund Manager with unidirectional
focus on custodial services.
The team at Orbis is a group of professionals which endeavors to provide high
quality, customized products and services to its customers, holding high the
Company’s mission to work Honestly, Fairly & Professionally imbibing Best
Practices in client's interests. At the helm of the team are Mr. Atul Gupta, …show more content…
It holds the Power of
Attorney of the bank account of the client to make available the funds to the
clearing corporation as and when required so that the trades made by the client are
smoothly settled. Since Orbis is a non-bank custodian, it blocks the funds of the
client only for the purpose of trades without any conflict of interests.
When it comes to core functioning of ORBIS, it follows diligent and standardized
processes in all its departments which are verified through the maker and checker
principle for keeping all possible errors at bay. Its state of the art infrastructure
helps in tracking real time changes in security prices and communicating margin
requirement of investors to minimize their risks. It provides ‘safety’ to securities
both, physical and virtual. The physical shares are stored in vaults with all security
measures and the virtual shares are held in the Demat accounts of its clients opened
by the custodian in capacity of a depository participant with the depository …show more content…
By comparing all this information within built systems verified by manually to
minimize any kind of loss to the client arising from mismatch of trade orders.
Through this process it does trade validations. On any discrepancies found, it
reconfirms with the client and informs the exchange and rejects such trades.
Once the trade validation process is complete. It undertakes to check the
availability and transfer of funds(in case of a buy order) and of securities(in case of
sell order) to settle the trades. This information is then communicated to the
clearing and settlement agencies to the stock exchanges who in turn settle the trade
at the exchange. We at Orbis understand the value of money of our clients and
make sure that the clients are timely informed about their balance requirements for
making trades so that they can make use of every opportunity available in the
market.
On behalf of the clients, Orbis does all the regulatory liasoning and fullfil the legal
requirments for investors, especially FIIs and HNIs. It also arranges for broker and
banking services and extends the benfits of its professional relationships