Securities Settlement

Pay-in / pay-out shall be conducted on the scheduled pay-in day, in accordance with the settlement calendar periodically issued by the Clearing Corporation in this regard. Members shall maintain settlement accounts at both depositories viz NSDL and CDSL and provide specific pay-in instructions to depositories for effecting pay-in.

Members who are enabled on the Capital Market (CM) segment, the existing pool accounts used in CM segment for the purpose of pay-in and pay-out of securities shall be used in the Debt segment; no separate clearing account is required for the Debt segment.

NSCCL provides a facility to Trading Clearing Members to make early pay-in of securities through NSDL and CDSL.