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Reduction in Auction Settlement Cycle from T+4 to T+3

Dear Customers,
 

 

In Pursuance of the new SEBI Circular dated 28th December.2010 all the customer's are requested to note that the settlement period for auction settlement is being revised from the existing period of T+4 day rolling to T+3 day rolling. Accordingly, auction session will be conducted on the T+2 day and the same will be settled on the T+3 day.

 

In case of multiple settlements conducted on the same day, as specified by SEBI, the auction session for the first settlement shall be conducted on the same day and settled on the next day. The auction for the second settlement shall be conducted on the next day along with the shortages/auction of that day. The settlement of the same shall happen on the subsequent day.

 

The revised settlement cycle for auction is with effect from February 1, 2011 i.e. for the trading done on February 1, 2011 onwards.

 


Kindly feel free to call us on 1800 22 7500/ 022 - 6115 1111/ ( Local STD Code ) 3970 7500 in case of clarifications.

Team Sharekhan

 
Sharekhan Ltd.: BSE Cash-INB011073351; F&O-INF011073351; NSE – INB/INF231073330; MAPIN – 100008375;DP: NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS INP00000066; Mutual Fund: ARN 20669. Sharekhan Commodities Pvt. Ltd.: MCX-10080; NCDEX-00132; MAPIN – 100013912, For any complaints email at igc@sharekhan.com Regd/Admin Add:- A-206, Phoenix House, Phoenix Mills Compound, Senapati Bapat Marg, Lower Parel, Mumbai - 400013.Please carefully read the risk disclosure document as prescribed by SEBI & FMC and Do’s & Don’ts by NCDEX