We hope you are taking care of yourself during this period. This is to inform you about a change in our internal settlement close out...
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We hope you are taking care of yourself during this period. This is to inform you about a change in our internal settlement close out policy.
Please note that in case of short delivery of securities as on the date of settlement, such shortage shall be settled as per the close-out price available from the Exchanges. In case the close-out price is not available from the Exchanges, the auction price on the settlement date shall be considered. If both, the close out price and the auction price are not available, the price would be considered as 20% above the closing price on the settlement day. The current mechanism of internal shortage handling (i.e. buying against internal shortage) will be discontinued and all settlements henceforth shall be made following the new process stated above.
To refer the entire policy click here:
https://upstox.com/files/InternalSettlementCloseOutPolicy.pdf
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