Integration DAG: Recurring cycles

Why this page is structured this way: Cycles aren’t really call-chains; they’re temporal dependencies. The daily reconciliation feeds the weekly CFR which informs the monthly client-funding submission which contributes to quarterly running-account settlement which rolls up to the half-yearly compliance certificate which is audited annually. One DAG shows the cadence dependencies; per-cycle tables capture the operational detail.

TL;DR

• 1 cadence-dependency DAG showing how shorter-cycle outputs feed longer-cycle reports.
• 18 unique recurring nodes across 5 cadence layers.
• Quarterly running-account settlement is the strict-cutoff item — calendar quarter-end (Apr / Jul / Oct / Jan); penalty-attracting in inspections.
• Annual statutory audit is the longest-arm dependency: it consumes every prior cycle’s output for the year.

Conceptual overview

Cycles repeat. Weekly CFRs go out every Friday; monthly returns by mid-month; quarterly running-account settlement on calendar quarter-ends; half-yearly compliance certificates; annual audits. Each cycle has its own owner (Compliance Officer for SCORES MIS; Funds Ops for running-account; Internal Auditor for half-yearly report; CA firm for statutory). The cadence DAG below shows how shorter cycles feed longer ones — a yearly statutory audit consumes 12 monthly MIS, 4 quarterly settlement artefacts, 2 half-yearly certificates, and the underlying daily ledger. Building the compliance calendar from this view is the single highest-leverage exercise a new compliance officer can do.

DAG — Cadence dependencies

DAILY OUTPUTS  (from EOD: ledger, DMF, CN dispatch, KRA/CKYC uploads)
   │
   ├──► CYC-WK-CFR              (Weekly CFR, Friday cut-off)
   │       │
   │       ├──► CYC-MO-CLIENT_FUNDING   (Monthly client funding to exchange)
   │       ├──► CYC-MO-NETWORTH         (Monthly networth check)
   │       │
   │       ▼
   ├──► CYC-MO-GST              (Monthly GST returns; GSTR-1 by 11th, GSTR-3B by 20th)
   ├──► CYC-MO-TDS              (Monthly TDS deposit by 7th of next month)
   ├──► CYC-MO-STT              (Monthly STT remittance)
   ├──► CYC-MO-COMPLAINT_MIS    (Monthly grievance MIS to SCORES + exchange)
   │
   ▼
CYC-QT-RUNNING_ACCT          (Quarterly running-account settlement; Apr/Jul/Oct/Jan)
   │
   ├──► CYC-QT-FATCA_REFRESH   (Quarterly FATCA refresh for foreign-tax-residency)
   ├──► CYC-QT-BCP_DRILL       (Quarterly BCP / DR drill)
   ├──► CYC-QT-STATEMENT       (Quarterly statement of accounts to clients)
   │
   ▼
CYC-HY-COMPLIANCE_CERT       (Half-yearly compliance certificate to SEBI)
   │
   ├──► CYC-HY-INTERNAL_AUDIT  (Half-yearly internal audit report)
   │
   ▼
CYC-AN-STATUTORY_AUDIT       (Annual statutory audit by CA firm)
   │
   ├──► CYC-AN-KRA_AUDIT       (Annual KRA process audit)
   ├──► CYC-AN-DP_AUDIT        (Annual DP audit — CDSL or NSDL or both)
   ├──► CYC-AN-SYSTEM_AUDIT    (Every 2 years per SEBI; alternate annual cycle)
   ├──► CYC-AN-CYBER_AUDIT     (Annual / biennial per CSCRF category)
   ├──► CYC-AN-FIT_PROPER      (Annual fit-and-proper refresh for directors/KMP)
   ├──► CYC-AN-NISM_RECERT     (NISM re-certification cycles for compliance/AP/dealer)
   ├──► CYC-AN-FORM_16A        (Annual TDS Form 16A dispatch)
   └──► CYC-AN-MEMBERSHIP      (Annual exchange membership renewal)

Per-node detail

node_id	operation	depends_on	blocks	parallel_eligible	idempotent	retry_policy	rollback	sla	failure_surface	spec_source
CYC-WK-CFR	Weekly Client Funding Report submission	EOD daily outputs (×5)	CYC-MO-CLIENT_FUNDING	parallel-with monthly tracks	yes (week-keyed)	3× then manual	re-submit on revision	by Friday cut-off	exchange portal	Reporting domain
CYC-MO-CLIENT_FUNDING	Monthly aggregated client funding to exchange	CYC-WK-CFR (×4)	CYC-QT-RUNNING_ACCT	parallel-with other monthly	yes (month-keyed)	3× then manual	[none]	by mid-month	exchange portal	Reporting domain
CYC-MO-NETWORTH	Monthly networth check (>Rs.3 cr threshold)	daily ledger	CYC-QT-RUNNING_ACCT	parallel	yes	1× then critical alert	n/a	by month-end	compliance console	Member compliance domain
CYC-MO-GST	Monthly GST returns (GSTR-1 + GSTR-3B)	daily ledger	CYC-AN-STATUTORY_AUDIT	parallel	yes (month-keyed)	3× then accountant manual	re-file revision	GSTR-1 by 11th, GSTR-3B by 20th	GST portal	GST Act / GSTN
CYC-MO-TDS	Monthly TDS deposit + quarterly returns	daily ledger	CYC-AN-FORM_16A	parallel	yes (month-keyed)	3× then accountant manual	re-deposit on revision	by 7th of next month	IT portal	IT Act
CYC-MO-STT	Monthly STT remittance	daily ledger	CYC-AN-STATUTORY_AUDIT	parallel	yes	3× then manual	n/a	by 7th of next month	IT portal	STT framework
CYC-MO-COMPLAINT_MIS	Monthly complaint summary to SCORES + exchange	grievance system	CYC-HY-COMPLIANCE_CERT	parallel	yes	3× then manual	re-submit revision	by month-end	SCORES portal	Grievance domain
CYC-QT-RUNNING_ACCT	Quarterly running-account settlement	CYC-MO-CLIENT_FUNDING (×3)	CYC-HY-COMPLIANCE_CERT	parallel-with other quarterly	yes (client+quarter keyed)	strict — calendar quarter-end	n/a (sweep is the rollback)	by quarter-end	ops console + client banks	SEBI running-account circular
CYC-QT-FATCA_REFRESH	Quarterly FATCA refresh	daily KRA + CKYC	CYC-HY-COMPLIANCE_CERT	parallel	yes	3× then manual	[none]	by quarter-end	KRA portal	SEBI FATCA centralization Feb 2024
CYC-QT-BCP_DRILL	Quarterly BCP / DR drill	BOD health-checks	CYC-HY-COMPLIANCE_CERT	parallel	yes (drill-id keyed)	1× then escalation	n/a	by quarter-end	ops + CISO	BCP/DR domain
CYC-QT-STATEMENT	Quarterly statement of accounts to clients	CYC-QT-RUNNING_ACCT	CYC-HY-COMPLIANCE_CERT	parallel	yes (client-keyed)	3× then manual	re-dispatch on revision	within 30d of quarter-end	DLT comms	Investor servicing domain
CYC-HY-COMPLIANCE_CERT	Half-yearly compliance certificate to SEBI	CYC-QT-* (×2)	CYC-AN-STATUTORY_AUDIT	parallel-with internal audit	yes	1× then escalation	re-submit revision	half-yearly cycle	SEBI portal	Reporting domain
CYC-HY-INTERNAL_AUDIT	Half-yearly internal audit by appointed CA	CYC-MO-* / CYC-QT-* outputs	CYC-AN-STATUTORY_AUDIT	parallel	yes	n/a (human)	re-issue audit observation	half-yearly cycle	audit report	Audit domain
CYC-AN-STATUTORY_AUDIT	Annual audit by independent CA	CYC-HY-* (×2), CYC-MO-* (×12), CYC-QT-* (×4)	[exit]	parallel	yes	n/a (human)	n/a	annual cycle	audit report	Audit domain
CYC-AN-KRA_AUDIT	Annual KRA process audit	KRA-DAILY (×365)	[exit]	parallel	yes	n/a	n/a	annual	audit report	SEBI KYC master circular
CYC-AN-DP_AUDIT	Annual DP audit (CDSL / NSDL)	EOD-* / BOD-* depository ops	[exit]	parallel	yes	n/a	n/a	annual	audit report	CDSL / NSDL circulars
CYC-AN-SYSTEM_AUDIT	System audit (every 2 years per SEBI)	year’s system ops	[exit]	parallel	yes (alt-year)	n/a	n/a	biennial	audit report	SEBI system audit circulars
CYC-AN-CYBER_AUDIT	Cyber audit per CSCRF	CSCRF logs (full year)	[exit]	parallel	yes	n/a	n/a	annual / biennial per category	CSCRF report	Cyber domain
CYC-AN-FIT_PROPER	Annual fit-and-proper self-cert	directors / KMP / senior mgmt	[exit]	parallel	yes (person-keyed)	1× then escalation	n/a	annual	compliance console	Member compliance domain
CYC-AN-NISM_RECERT	NISM re-certification cycles	NISM cert expiry tracking	[exit]	parallel	yes (cert-keyed)	renewal window 3y	account-disable if lapsed	rolling	HR + compliance	NISM regulations
CYC-AN-FORM_16A	Annual TDS Form 16A dispatch	CYC-MO-TDS (×12)	[exit]	parallel	yes (client-keyed)	3× then manual	re-dispatch on revision	annual	DLT comms + email	IT Act
CYC-AN-MEMBERSHIP	Annual exchange membership renewal	networth + fit-and-proper	[exit]	parallel	yes (member-keyed)	renewal window	suspension if lapsed	annual	exchange portal	Member compliance domain

Practical notes

• [gotcha] CYC-QT-RUNNING_ACCT is strictly enforced by calendar quarter-end (April / July / October / January), not by quarter-since-account-opened. New ops engineers sometimes misread this as a 90-day client-anniversary cycle; it isn’t. Sweep happens on the same day for every client.
• [industry practice] The cadence DAG implicitly tells you the escalation calendar — if a CYC-WK-CFR misses Friday, the failure cascades into CYC-MO-CLIENT_FUNDING (next mid-month) which cascades into CYC-QT-RUNNING_ACCT (next quarter-end). Compliance teams run this analysis weekly to predict month-end churn.
• [risk trade-off] Most cycles allow 3× retry then manual queue; CYC-QT-RUNNING_ACCT, CYC-HY-COMPLIANCE_CERT, and the annual audits don’t — they’re human-driven with hard deadlines. Tighter monitoring on these (alerts at T-3 days, T-1 day, T-0) prevents most last-minute panics.
• [cost optimization] CYC-AN-NISM_RECERT lapses are the single most common reason for individual ops-staff being briefly account-disabled. Most large brokers maintain a 90-day-before-expiry alert in HRMS to avoid this; smaller brokers track manually and miss occasionally.

Verified through

2026-05-14

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