InvestorQ : What is the procedure for selling dematerialised securities?
Katherine Gonsalves made post

What is the procedure for selling dematerialised securities?

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3 years ago
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The procedure for selling dematerialised securities is very simple. After you have sold the securities, you would instruct your DP to debit your account with the number of securities sold by you and credit your broker's clearing account. This delivery instruction has to be given to your DP using the delivery instruction slips given to you by your DP at the time of opening the account. Procedure for selling securities is given here below:
  • You can execute these sell instructions through your trading account with the broker
  • You give instruction to your DP to debit your account and credit the broker's [clearing member pool] account
  • Before the pay-in day, your broker gives instruction to its DP for delivery to the clearing corporation
  • Your broker receives payment from the stock exchange [clearing corporation]
  • You receive payment from the broker for the sale of securities.
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