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When customer buy share, Settlement cycle-aa
Days | Day of Transaction | Party with obligation | Activity |
---|---|---|---|
1 | T (SAY MONDAY) | CUSTOMER | PURCHASES SHARES OF A PARTICULAR COMPANY |
2 | T+1 (TUESDAY) | CUSTOMER | CUSTOMERS NEED TO PAY FUNDS TO PARTICULAR SECURITIES FOR SHARES PURCHASED |
3 | T+2 (WEDNESDAY) | Any SECURITIES | SECURITIES TRANSFERS FUNDS TO STOCK EXCHANGE |
3 | T+2(WEDNESDAY) | STOCK EXCHANGE | STOCK EXCHANGE TRANSFERS SHARES TO PARTICULAR SECURITIES |
4 | T+3 (THURSDAY) | Any SECURITIES | SHARES BOUGHT ON DAY 1 CAN BE SHOWN IN THE CUSTOMER'S DEMAT ACCOUNT AND ARE READY FOR DELIVERY TRADE. |