What is the meaning of Auction?
When the seller is unable to deliver the shares, the exchange initiate's an auction to purchase the required quantity of the same share in the auction market and give it to the buyer.
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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 ...
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 the meaning of " Off Market " ?
Off-market is the instruction to transfer stocks between 2 parties without involving Exchange.
What is the meaning of Trade to Trade Settlement?
Trade to Trade settlement is a segment where shares can be traded only for delivery. It means Trade to Trade shares cannot be traded on intraday basis. Each share purchased /sold which is a part of this segment need to be taken delivery by paying ...
What is the meaning of Rolling / Normal Settlement?
A Settlement Cycle refers to a calendar according to which all purchase and sale transactions done on T Day are settled on a T+1 basis. T = Trading Day and +1 means 1 consecutive working days after T (excluding all holidays). It simply means that if ...