Activity schedule for Auction Session

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....ed short is bought in the auction session and is delivered to the buying broker on T+4 day. In order to reduce the time involved in delivering the shares to the buying broker, in case of default, it has been decided to conduct the auction on the same day of the settlement, after the pay-in is completed. i.e. the auction for trades done on T day shall be conducted on T+2 day after pay-in is comp....

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....me day (Tm) and settled the next day (Tm+1). 2. The auction for the second settlement (S2) shall be conducted on the next day (Tm+1) along with the shortages/auction of that day. The settlement of the same shall happen on the subsequent day (Tm+2). The Stock Exchanges are advised to: i. put in place the adequate systems and issue the necessary guidelines for implementing the above d....