Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 30 Oct 2014, 08:27 PM

Amit, you should get the money on T+4 day (i.e the day after the auction).

The maximum you could lose is 20% above the closing price of stock on T+3 day. That is if the exchange can’t buy SRF in the auction market, which is the worst case scenario.

@Nick, check this link. Click on Shortages handling under the main menu Clearing & Settlement on the left. You can read through this link.

View the full comment thread »