What are auction Settlement Charges?
>1% Auction settlement charges are levied on auction rate.
>In case of Market Auction, Auction rate are provided by Exchange and plus 1% Auction settlement charges is levied on the same.
In case of Internal Auction, Auction rate are consider the buy rate of share bought and plus 1% Auction Settlement charges is levied on the same.
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How Auction charges Levied to Client's on Securities ?
Please note auction charges as below for your reference. > In case of Internal Shortage for Seller, 10% Auction charges will be levied on T Day closing rate (Auction Debit). > In case of Internal Shortage for Buyer, 10% Auction charges on T Day ...
How Auction charges Levied to Client's on Securities ?
Please note auction charges as below for your reference. > In case of Internal Shortage for Seller, 10% Auction charges will be levied on T Day closing rate (Auction Debit). > In case of Internal Shortage for Buyer, 10% Auction charges on T Day ...
What is the Process of auction at Exchange level?
In case an investor fails to deliver the shares sold in the Rolling Settlement, an auction is conducted of the quantity short delivered/ not delivered on T+1, to meet the obligation of delivery of shares to the buyer. In this auction session, offers ...
What is Periodic settlement?
1.In case clients have given RAA, actual settlement of funds and securities is required to be done at least once in a quarter or once in a month as per the periodicity of settlement selected by client. 2. Clients can thus, while giving RAA, select ...
What is settlement cycle?
In trading, there is a fixed time period for the settlement of trades as per terms of contract. This time period is termed as Settlement Cycle. For equity trades: Currently all trades are settled on T+1 settlement cycle. For ...