https://www.taxtmi.com/circulars?id=60120 Stock Exchanges must clear and settle trades sequentially so that pay-in and pay-out of an earlier settlement are completed before commencing the next; cash and securities from the first settlement must be made available to members for subsequent pay-ins. Depositories shall facilitate inter-depository transfers within one hour and before pay-in for the subsequent settlement begins. Clearing Corporations shall execute an Auto DO facility to make funds and securities available on the same day. Brokers/clearing members must transfer securities from CM pool accounts to client beneficiary accounts within one working day after pay-out, with a weekly penalty for delays. en-us Wed, 21 Apr 2004 00:00:00 +0530 Fri, 08 Mar 2019 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60120 Stock Exchanges must clear and settle trades sequentially so that pay-in and pay-out of an earlier settlement are completed before commencing the next; cash and securities from the first settlement must be made available to members for subsequent pay-ins. Depositories shall facilitate inter-depository transfers within one hour and before pay-in for the subsequent settlement begins. Clearing Corporations shall execute an Auto DO facility to make funds and securities available on the same day. Brokers/clearing members must transfer securities from CM pool accounts to client beneficiary accounts within one working day after pay-out, with a weekly penalty for delays. Circulars SEBI Wed, 21 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60120