Pay-in and pay-out?

Hey ppl,

Does anyone know the exact difference between the following terms -
Pay in of securities in Clearing Member's pool Account
Pay in of funds
Pay out of securities
Pay out of funds.

Not that it will help in trading, but just for academic interest..

Cheers

Pay in of securities in Clearing Member's pool Account - Transfer of stocks from client's demat account to broker's / clearning member's account and thereby the broker / clearing member will transfer those stocks to the exchange for settlement.

Pay in of funds - Transfer of money by broker to exchange towards settlement dues for that particular day.

Pay out of securities - Transfer of stocks by broker from his pool account to client's demat a/c.

Pay out of funds - Transfer of money from exchange to broker towards settlement dues for that particular day.

Suggestion Go Through The Entire Website Of NSE, Answers To Even Basic Questions Or Doubts Will Be There Somewhere.

Importantly Go Through The Last Tab 'INVESTORS'

Here Is The Link That Should Answer Your Particular Query In Detail

http://www.nseindia.com/content/nsccl/nsccl_introduction.htm

Happy & Safer Investing

SavantGarde

Thanks a lot Aravinthrajm and SavantGarde...

What is Pay-in?
A.
In Pay-in of securities all the shares' obligations are picked up from the client's beneficiary account and transferred to Broker pool account. All the shares are then delivered to the clearing corporation as per obligation with Exchanges.

In Pay-in of funds , the funds are transferred from a client's bank account to Broker bank account. All the funds are then transferred to the clearing corporation as per obligation.

Q.
What is Pay-out?
A.
In Pay-out of securities, shares are received from the Clearing corporation and the same is transferred to Broker pool account. All the shares are then transferred to the client beneficiary account.
In Pay-out of funds, funds are transferred from the Clearing corporation to Broker Bank a/c. All the funds are then transferred to the client bank a/c.