Pay-out Short (Securities Receivable via Auction Market)


What is Pay-out Short?
There could be a possibility that scrips you have purchased are not credited in your account on the settlement day due to default by the counter-party. This scenario is referred to as Pay-out Short.

In such scenario, the exchange conducts an auction during off-market hours to purchase scrips that are falling short. If the exchange is able to purchase the scrips from the auction, then it credits them to your account and penalizes the seller as per its policy. Alternatively, if it is not able to purchase scrips from the auction, then it penalizes seller as per its policy and provides you the cash benefit.

About Pay-out Short (Securities Receivable via Auction Market)
Trades that have undergone Pay-out Short at your end are displayed in Pay-out Short (Securities Receivable via Auction Market) table. The details about Pay-out Short trades include:

  1. Exchange - It displays the exchange name.

  2. Sett No - It displays the settlement number of the day when the given security was traded.

  3. Product - It displays the product segment in which the particular scrip was traded.
  4. Scrip - It displays the security name.

  5. Transaction Date - It displays the date when the corresponding trade was done.

  6. Pay-Out Date - It displays the pay-out date of the corresponding security.

  7. Org Qty - It displays scrip's original quantity that you intended to purchase.

  8. Cash Received - It displays the cash that you have received from the exchange to compensate for Pay-out Short.

  9. Last Updated Date - It displays the date when the details were last updated.

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