FTIL File – What is .ftil file and how to open it?

Definition and Purpose of FTIL Files

FTIL (Future and Options Traders India Limited) files, denoted by the .FTIL extension, serve as electronic contract notes for transactions executed on the Indian stock exchange platforms, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). These files provide a standardized format for recording and storing contract details related to derivatives trades, such as futures and options contracts.

FTIL files are crucial for maintaining accurate and reliable records in the Indian securities market. They facilitate efficient communication and processing of contract information among stakeholders, including brokers, traders, and clearing corporations. By providing a structured and unambiguous format, FTIL files enable automated processing and reduce the potential for errors and disputes in trade settlement.

Structure and Content of FTIL Files

FTIL files are structured in accordance with the specifications defined by FTIL and comprise a series of fields that capture essential contract details. These fields typically include information such as the trade date, time, and price; contract quantity and underlying asset; counterparty details; and brokerage and statutory charges associated with the transaction. By adhering to a standardized format, FTIL files ensure consistency and compatibility across different trading platforms and facilitate seamless data exchange.

Opening FTIL Files Using a Compatible Program

FTIL files contain contract notes generated by the e-Hastakshar platform, a secure electronic document management system developed by FTIL (Financial Technologies India Limited). To open and view FTIL files, you will need a software program that supports this file format. One such program is FTIL’s e-Hastakshar application, which is available for download from the FTIL website. Once installed, you can simply double-click on the FTIL file to open it in the application.

Alternative Methods for Opening FTIL Files

If you do not have access to the e-Hastakshar application, there may be alternative methods available to open FTIL files. Some web browsers, such as Google Chrome or Mozilla Firefox, may allow you to view PDF documents that have been embedded within an FTIL file. Additionally, you can try using a file converter to convert the FTIL file to a more common format, such as PDF or JPG, which can then be opened using a wider range of software programs. It is important to note that converting FTIL files may compromise the security features of the original document.

FTIL File Format and Its Usage

FTIL files, with the extension .FTIL, are structured documents used specifically for electronic contract notes within the framework established by the Financial Technologies India Limited (FTIL). These files adhere to a well-defined format designed to facilitate the secure and standardized exchange of contract-related information between financial institutions and their clients. The FTIL file format plays a vital role in the digitalization of financial transactions, enabling efficient and transparent communication of contract details.

Technical Specifications and Implementation

FTIL files are typically generated by financial institutions using proprietary software or third-party solutions compliant with FTIL standards. The file format is based on Extensible Markup Language (XML), allowing for structured data representation with defined tags and elements. The XML schema used for FTIL files ensures that critical contract information, such as trade details, settlement instructions, and counterparty data, is organized and presented in a consistent manner. The standard also specifies encryption and digital signature mechanisms to ensure the integrity and authenticity of the contract notes exchanged.

Other Extensions