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Cyber Laws in IT & ITES

With the phenomenal and enormous growth of Internet specialized branch of Law called Cyber Law.

Immigration & Emmigration

When a person enters a new country for the purpose of establishing permanent residence and ultimately gaining citizenship , it is called

Immigration.But the residence of immigrants is subject to the conditions set by the Immigration Law.

Straight-through Processing

Straight-through Processing or STP is a process of execution that modifies the end-to-end processing of transactions of the financial instruments. It involves use of a single system to process and regularize all elements of the work-flow of a financial transaction, including the Front, Middle, and Back office, and General Ledger. STP is defined as electronically capturing and processing transactions in one pass, from the point of first step to final settlement.

At the international level, STP is used at the organization level or at the closed group level. None of the global markets have adopted STP at broader level. The organizations using STP in their own organizational functions are using different means and form of messaging standards. There is STP but only within clients who are networked with one Service Provider. The issue of inter-operability between STP Service Providers has not yet been resolved. However, globally it has been accepted that whether it is viewed as a problem or an opportunity, markets will have to adopt the system.

The followings are the benefits of adopting the STP mode in India:-
  • Increased transparency
  • Shortening of the settlement cycle.
  • Elimination of costly duplication
  • Elimination of manual intervention
  • Reduction in Risks and errors
  • Faster data capturing, processing and report generation
  • Enhancement in overall efficiency
  • Systematic audit trial
  • Cost-effective market