Shortages Summary Report provides information on your trades that have encountered Scrip Shortage (pay-out short or pay-in short). Shortage in scrip occurs when the selling party fails to provide securities before the pay-in-date. In this scenario, the selling party is penalized, whereas, the buying party is provided with scrips through auction or compensated through cash benefit by the exchange.
To view Shortages Summary of your account, click on Shortage Summary link given in Accounts Menu. On clicking, the system displays you the following window:
To ensure clear and concise view of Shortages details, we have divided this report into three tables. These are:
Short Securities in Previous Settlement
It gives you details about the scrips that were sold by you during previous settlements but are not available in your account at the moment. Note! One must ensure to provide these scrips in your account before the scheduled pay-in-date to avoid them going into auction; since it might invite penalty from the exchange due to scrip-shortage at your end. To know more about it, click here...
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