Cochin Stock Exchange (CSE) / Motilal Oswal is a stock trading company and member of the Bombay Stock Exchange and National Stock Exchange. As per the SEBI regulations, contract notes for all transactions done by brokers on behalf of clients should be sent to the client within 48 hours of completion of the transactions. They were looking for a solution, which would electronically sign their contract notes and email them to their respective clients.
The Challenge Faced by CSE
Statements of the bank or credit card account reports are sent to customers at regular intervals (monthly). Initially, the printouts of the statements were sent to the bank customers. This whole procedure was time consuming and paper intensive. The Bank decided to shift process into a pape
Essential features required were:
A Solution, which enabled electronic signing and emailing of contract notes
Integration with existing back office application
E-lock DeskSeal toolkit: The Solution
E-Lock developed a solution based on their DeskSeal toolkit.
Benefits using E-Lock DeskSeal:
CSE cites following Benefits using DeskSeal:
Using DeskSeal has effectively reduced the time required for the dispatch of contract notes
Overheads associated with the paper, printing and courier were saved
Increased staff productivity
About E-Lock:
E-Lock is a leading provider of digital signing solutions, which are compliant with worldwide e-Signature legislation. Founded in 1997 the company is headquartered in McLean, VA. It offers desktop and web based security solutions. E-Lock products are used across Government, Healthcare and Financial organizations around the globe.
E-Lock and E-Lock logo are trademarks or registered trademarks of Frontier Technologies Corporation or its affiliates in the US and other countries. Other names may be trademarks of their respective owners. Windows and the Windows logo are trademarks of the Microsoft group of companies.
