Professional participants of securities market are obliged to keep exact and timely account of the operations with securities performed by them in monetary and quantitative value by the continuous, continuous, documentary and interconnected their reflection in registers of the internal account.
If the professional participant of securities market carries out operations with securities and investments at the expense of means of employees or affiliates, the professional participant of securities market is obliged to open their contents on request of NAUFOR.
formation of the authentic reporting on a condition of own portfolio of the company and the money allocated for its formation, and also the reporting on a condition of money and portfolios of clients, i.e. formation of the reporting necessary for adoption of the correct administrative decision
- estimates of prime cost of the realized and left securities, i.e. written-off their account (at average prime cost, at cost of purchases, the first on time, - FIFO, at prime cost of the last on time of purchases – LIFO). The companies making revaluation of investments in securities use only a method of average prime cost;
to provide to the clients the regular reporting under results of operations with securities and investments which were made for this client. The reporting has to reflect all operations made for the client with use of its means and securities and investments, and also the rest of money and securities on the customer account in system of the internal account.
The back office - division, the responsible person or a group of persons, one of which functions is maintaining the internal accounting of operations with securities and investments, including for his clients, including for professional participants of securities market.
One more function of cash department - management of in cash of firm. This function is so specific that deserves own organization. With cash department it is connected strongly with that cashiers accept and give out money.
The internal accounting of operations with securities and investments is kept by professional participants of securities market separately and in addition to accounting of their financial and economic activity for more exact reflection of the specific operations performed by these companies on securities market, on the principles which are not contradicting the principles of accounting of operations with securities existing in campaign.
to divide own money and securities, both money and securities of the clients in the internal account. For achievement of this purpose professional participants of securities market are obliged to open and operate in system of the internal account accounts of the analytical account on money, securities and investments, is unique the numberings of accounts numbered according to the internal principles in system of the account, for each client of the company;
As well as when coding issues of securities, when developing these accounts it is necessary to consider specifics of firm. For example, it is very short-sighted to define accounting account 76 for clients and to give them serial numbers (71, 72, 73, etc.). The account as a character set has to bear the semantic loading facilitating control of work of brokers and observance of standards.
- identity of data of the internal analytical account to turns and account balances of the internal synthetic account on the first day of every month, and also indicators of the internal reporting to data of the internal synthetic and analytical account (the requirement of consistency).
The internal accounting of the professional participant of securities market can be carried out by the employee of the company, by independent division or can be charged to other professional participant of securities market. Thus responsibility before the regulating organizations for the accuracy, completeness, adequacy and timeliness of maintaining registers of the internal account is completely assigned to the professional participant of securities market.
Sometimes delivery of securities is "bad" - at the certificate the corner is torn off or the extract from the register is printed illegibly. In this case the firm can return them to the supplier, and the cash desk has to keep account of "bad" deliveries.