Sunday, June 12, 2016

In case of purchase/sale of shares, when do I make payment to the broker?


     In case of purchase of shares, when do I make payment to the broker?

The payment for the shares purchased is required to be done prior to the pay in date for the relevant settlement or as otherwise provided in the Rules and Regulations of the Exchange.

     In case of sale of shares, when should the shares be given to the broker?


The delivery of shares has to be done prior to the pay in date for the relevant settlement or as otherwise provided in the Rules and Regulations of the Exchange and agreed with the broker/sub broker in writing.

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