Brokers were required to
make payment or give delivery within two working days of the pay - out day.
However, as settlement cycle has been reduced fromT+3 rolling settlement to T+2
w.e.f. April 01, 2003, the pay out of funds and securities to the clients by the
broker will be within 24 hours of the payout.
Showing posts with label How long it takes to receive my money for a sale transaction and my shares for a buy transaction?. Show all posts
Showing posts with label How long it takes to receive my money for a sale transaction and my shares for a buy transaction?. Show all posts
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