Order Matching Platform - Delivery Procedure

Auto Delivery Out

For pay-in through NSDL / CDSL a facility has been provided to members wherein delivery-out instructions will be generated automatically by the Clearing Corporation based on the net delivery obligations of its Clearing Members. These instructions will be released on the T day and the securities in the Clearing Members' pool accounts will be marked for pay-in.

Further, a facility is provided to the members to directly credit the pay-out to investor's beneficiary account. Clearing members shall provide a file to Clearing Corporation for effecting pay out to investors' accounts for a particular settlement type and settlement number.

Failure to deliver

Failure of the seller to deliver securities on retail and institutional platform shall result in close out. It shall be close-out with a markup of 4% on traded price of such corporate bonds