Comment on Consequences of Short delivery - NSE/BSE

Niru commented on 19 Oct 2015, 06:14 AM

Understood most of it but I still don’t get this. X defaults while selling to me, so exchange will auction and make sure I get it any cost, right? So when I btst how will I default?

Say I buy 100 shares from a defaulter on Monday so on T+2 that is Wednesday, the exchange realises this and auctions so I should have the shares by Thursday at the most.

So say I sell it on T+1 that is Tuesday to Y then by his (Y’s) T+2 day that is Thursday the problems shouldn’t arise right? So how will I be penalised?

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