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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 022 25753200 / 022 25753500 / 022 - 6115 1111/ ( Local STD Code ) 022 33054600 in case of clarifications.

Team Sharekhan

 

Registered Office Address: Sharekhan Limited, The Ruby, 18th Floor, 29 Senapati Bapat Marg, Dadar (West), Mumbai 400 028, Maharashtra, India. Tel: 022-67502000.

Correspondence Address: 10th Floor, Gigaplex Bldg. No. 9, Raheja Mindspace, Airoli Knowledge Park Rd, MSEB Staff Colony, TTC Industrial Area, Airoli, Navi Mumbai, Maharashtra 400708, India. Tel: 022 61169000/ 61150000, Fax no. 61169699 Sharekhan Ltd.: SEBI Regn. Nos.: BSE / NSE / MSEI (CASH / F&O / CD) / MCX - Commodity: INZ000171337; BSE 748 , NSE 10733, MCX 56125, MSEI 1043; Depository Services: NSDL/CDSL-IN-DP-365-2018; Portfolio Management Services: INP000005786; Research Analyst: INH000006183, Mutual Fund: ARN 20669. For any complaints, email at

Compliance Officer: Ms. Binkle R. Oza; Email ID: complianceofficer@sharekhan.com; Tel: 022 62263303.

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please refer the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Dont's issued by Stock Exchanges and Depositories before trading on the Stock Exchanges. For commodities derivatives, please note that Commodities Derivatives are highly leveraged instruments.

Contact nos. of Customer Service to be changed to 022-41523200 / 022-41683500