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Default in delivery-auction schedule

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Old 27th June 2007, 09:55 AM
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Default Default in delivery-auction schedule

I am trading with religare. I have bought NIITLTD and FEDERALBNK on 21/6/2007. FEDERALBNK is credited on 25/6/2007. But as on today 09:23AM, NIITLTD is not credited. If there is default in delivery, what is the calender schedule for auction and credting of shares by brokers. Any malpractice possible by brokers
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Old 27th June 2007, 11:02 AM
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Default Re: Default in delivery-auction schedule

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Originally Posted by lvgandhi View Post
I am trading with religare. I have bought NIITLTD and FEDERALBNK on 21/6/2007. FEDERALBNK is credited on 25/6/2007. But as on today 09:23AM, NIITLTD is not credited. If there is default in delivery, what is the calender schedule for auction and credting of shares by brokers. Any malpractice possible by brokers
i guess its t+5 days.
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Old 27th June 2007, 07:13 PM
M J M J is offline
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Default Re: Default in delivery-auction schedule

AS PER EXCHANGE SCHEDULE BY 28TH YOU SHOULD GET YOUR DELIVERY
AS PER CALENDARY SCHEDULE MAXIMUM PAYOUT (THROUGH AUCTION ALSO
IS RECD BY BROKER ON t+5 working days)
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Old 27th June 2007, 07:47 PM
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Default Re: Default in delivery-auction schedule

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Originally Posted by M J View Post
AS PER EXCHANGE SCHEDULE BY 28TH YOU SHOULD GET YOUR DELIVERY
AS PER CALENDARY SCHEDULE MAXIMUM PAYOUT (THROUGH AUCTION ALSO
IS RECD BY BROKER ON t+5 working days)
Thanks bsst and M J
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