InvestorQ : How is the pay-out of funds and securities actually done?
sarah Leo made post

How is the pay-out of funds and securities actually done?

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Dilmini Mercia answered.
4 years ago
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Pay-out of Funds and Securities entails processing for shortages of funds/securities and arranging for movement of funds from surplus banks to deficit banks through RBI clearing, the clearing corporation sends electronic instructions to the depositories/clearing banks to release pay-out of securities/funds. The depositories and clearing banks debit accounts of the Clearing Corporation and credit accounts of CMs. This constitutes pay-out of funds and securities. A settlement is deemed to be complete upon declaration and release of pay-out of funds and securities to the respective banks and demat accounts.
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