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.