Securities Settlement
Pay-in shall be conducted on the scheduled pay-in day, in accordance with the settlement calendar periodically issued by the Clearing Corporation in this regard. The delivering member/ delivering clients shall complete delivery instructions for pay-in of securities to CM Clearing Pool Account on settlement day. Clearing Members shall take note of the pay-in cut-off specified by respective depositories from time to time. The depositories shall facilitate transfer of such securities to ‘Clearing Corporation Settlement Pool account’ by scheduled pay-in time.
Pay-out shall be conducted on the scheduled payout day, in accordance with the settlement calendar issued periodically by the Clearing Corporation in this regard. The facility of pay-out of securities directly to client demat account, including facility to provide pledge in favour of CUSPA/MTF account of member shall be provided in EGR segment as per norms applicable in capital market segment.