Fellow Investors,
What are the guidelines for share auction procedure.
1. CASE : If you are a buyer in XYZ company for say 3000 shares @ 140 - Delivery of the same shares would be available to you in your Demat Account at T+2days, If there is a availability shortage, what should be your stand against your broker as he has already charged you in the contract note all the charges as per executed transaction.
2. what kind of financial risk are we talking here ." Inspite of the fact that you are the buyer & not defaulter "
3. If you are want the delivery of shares & insist for the same is he under obligation to do it.
4. If he fails to deliver the said quantity 3000 shares, should one demand for compensation of price difference (Auction always takes place at the highest price of the stock within the specified period of auction usually 15 days from T+2)
5. I'm certain there are a few investors who may have faced a situation like this in their trading career.
6. Kindly share our experince & advice
What are the guidelines for share auction procedure.
1. CASE : If you are a buyer in XYZ company for say 3000 shares @ 140 - Delivery of the same shares would be available to you in your Demat Account at T+2days, If there is a availability shortage, what should be your stand against your broker as he has already charged you in the contract note all the charges as per executed transaction.
2. what kind of financial risk are we talking here ." Inspite of the fact that you are the buyer & not defaulter "
3. If you are want the delivery of shares & insist for the same is he under obligation to do it.
4. If he fails to deliver the said quantity 3000 shares, should one demand for compensation of price difference (Auction always takes place at the highest price of the stock within the specified period of auction usually 15 days from T+2)
5. I'm certain there are a few investors who may have faced a situation like this in their trading career.
6. Kindly share our experince & advice