Auction Process

What is Short Delivery & Auction ?
The Settlement for Equity Delivery (Payin of shares to the exchange) takes place on T+2 basis. It means the shares bought on “T” or Trading day (e.g. Monday...
Mon, 12 Oct, 2020 at 5:12 PM
What can cause a Short Delivery?
Scenario 1: Stock hits an upper circuit - You have short sold 100 shares of Reliance in intraday (Product code MIS) expecting the price of Reliance to ...
Tue, 7 Mar, 2017 at 11:22 AM
What is a Close-Out?
Whenever there is short delivery of securities, Clearing Corporation/ Clearing House will conduct auction to buy the shares from the market participants. If...
Tue, 7 Mar, 2017 at 11:30 AM
How to Close Out if the shares are not bought in the auction?
In this process, the buyer is compensated by paying the value of the short delivered security at the highest price prevailing in the stock exchange from the...
Tue, 7 Mar, 2017 at 11:31 AM
How can avoid Auction?
As per the exchange rules, the auction amount are always debited to the seller, as the seller is liable for fulfilling the shares obligation. For avoidi...
Tue, 7 Mar, 2017 at 11:32 AM
When will I get my Shares / Money?
Scenario – 1 – Internal Process as per T+2 basis: Internal Short Settlement is a special case when both the buyer and the seller belong to the same brok...
Tue, 7 Mar, 2017 at 11:33 AM