How NRI Trade get Settled for Cash and FNO?
Please find the process details as below for your reference.
>NRI Contract notes are Generated in Buy & Sell wise
>On T-Day EOD, all NRI Trades get Reported to PIS (Banks)
>From PIS (Banks), Contract notes are Settled in T+1 Day
>Charges like - AMC, DPC and Margin Shortfall Penalty, etc., are to be cleared from Client's SB account
>In case of Change in PIS (Bank) - NOC to be submitted in the new PIS (Bank)
>In case of delay in Contract note settlement for reasons like - IPO, Corporate Action, Gift, Off Market, etc., - Client has to submit a Declaration form to PIS (Bank) Team
>RM has to ensure that the client should not transfer funds directly to the Broker account from PIS (Bank)
>Client has to raise fund Pay-out request from the PIS (Bank) account only and not from the Broker account.
Related Articles
How NRI Trade get Settled for Cash and FNO?
Please find the process details as below for your reference. >NRI Contract notes are Generated in Buy & Sell wise >On T-Day EOD, all NRI Trades get Reported to PIS (Banks) >From PIS (Banks), Contract notes are Settled in T+1 Day >Charges like - AMC, ...
How Custody Trade get Settled for Cash and FNO?
Custody Trade gets settled as per below process. > Participants code is mandatory for trades (NSE and BSE) > Client's Trade settlements done by custody > Broker has to report all trades to custody on same day by 3:30 pm > DP account maintained by ...
How Custody Trade get Settled for Cash and FNO?
Custody Trade gets settled as per below process. > Participants code is mandatory for trades (NSE and BSE) > Client's Trade settlements done by custody > Broker has to report all trades to custody on same day by 3:30 pm > DP account maintained by ...
How does the BUYBACK Contract Payment get settled ?
BUYBACK Contract Payment gets settled as per below process. > In BuyBack, contract payment get settled directly in Bank accounts > In BuyBack, ledger posting is done for charges only
How does the BUYBACK Contract Payment get settled ?
BUYBACK Contract Payment gets settled as per below process. > In BuyBack, contract payment get settled directly in Bank accounts > In BuyBack, ledger posting is done for charges only