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  #41  
Old 10th August 2011, 06:23 PM
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Quote:
Originally Posted by samapada View Post
I sold page ind 60 shares @ 2332 on 10th Aug, 2011. I want to know, how much I could need pay or they going to debit my account? Please any one help in this. Even though approximate.
You will lose around Rs 230 per share.

This is just a guess.

Your final loss will depend on the price of the stock on auction day (12th August).
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  #42  
Old 11th August 2011, 10:56 AM
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Default Short Sale

I sold page ind 60 shares @ 2332 on 10th Aug, 2011. But I got credit in my account, on the same day after consolidation. What's that I didn't understand, are they going to withdrew that amount or what?
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  #43  
Old 11th August 2011, 11:08 AM
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Originally Posted by samapada View Post
I sold page ind 60 shares @ 2332 on 10th Aug, 2011. But I got credit in my account, on the same day after consolidation. What's that I didn't understand, are they going to withdrew that amount or what?
No.

This amount will not be withdrawn.

First, your broker will make a "valuation debit" from your account.

This may be as high as 150% of the "Valuation Price".

The shares that you sold short, will be bought in an auction and the bill will be sent to you.

After the auction is complete, the valuation debit will be reversed and the auction amount will be debited from your account.

Thus, 3 more entries will be made in your account:

1. Valuation debit.
2. Valuation debit reversal.
3. Final auction debit.
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  #44  
Old 26th August 2011, 09:14 AM
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Default Short Deleivery

Hello

I want to understand the issues in short delivery.

I have sold 25 shares of Grasim in 2142 rs and could not buy them.

Now what could be the problem.

Gaurav
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  #45  
Old 26th August 2011, 02:27 PM
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Originally Posted by jainy3531 View Post
Hello

I want to understand the issues in short delivery.

I have sold 25 shares of Grasim in 2142 rs and could not buy them.

Now what could be the problem.

Gaurav
Depending on whether the shortage is at broker level or exchange level, the broker or the exchange will buy the shares in an auction and you will have to pay for these shares.

The auction will be held on T+2 day.

When did you sell these shares?
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  #46  
Old 17th October 2011, 07:01 PM
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Default Short Delivery-Please help

Today I have sold 250 Nos. of shares of Jaypee Infratech Ltd.in NSE but could not be able to buy the shares (i.e square off my positions) on the same day.

What are the consequences of it?
When this problem be settled?
What are the hidden charges and Penalty- behind it?
What will be the Maximum LOSS for it?
Will there any legal action /other penalty be taken for this transaction under any law (like SEBI,NSE,IPC Laws)?
Will I be debarred in future from trading in stock market?
Please let me know. I am really worried.
Thanks in advance,

Risab.
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  #47  
Old 17th October 2011, 07:28 PM
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Quote:
Originally Posted by risab20 View Post
Today I have sold 250 Nos. of shares of Jaypee Infratech Ltd.in NSE but could not be able to buy the shares (i.e square off my positions) on the same day.

What are the consequences of it?
When this problem be settled?
What are the hidden charges and Penalty- behind it?
What will be the Maximum LOSS for it?
Will there any legal action /other penalty be taken for this transaction under any law (like SEBI,NSE,IPC Laws)?
Will I be debarred in future from trading in stock market?
Please let me know. I am really worried.
Thanks in advance,

Risab.
You will find most of your answers if you read the thread.

The shortage will be either at broker level (internal) or at exchange level.

If it is an internal shortage, the consequences will depend on your broker's policies.

Exchange level shortages are settled by auctions.

Two trading days after the trade date (T+2 day), the exchange will buy the shares from the auction market and you will have to pay for these shares.

Maximum loss can't be calculated. It will depends on the price of the stock two days from now.

Other than the financial loss, you need not worry about anything else.

Short deliveries happen every day at the exchanges. Hundreds of traders give short delivery every week.
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  #48  
Old 17th October 2011, 09:16 PM
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Default

I have done short selling of 150 Jaypee Infratech in margin trading and could not squared off due to upper circuit. What strategy I should opt to minimize my losses? Whether I will be able to buy the same quantity tomorrow so that I could get some gain from that shares?
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  #49  
Old 17th October 2011, 09:43 PM
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Quote:
Originally Posted by Rks View Post
Whether I will be able to buy the same quantity tomorrow so that I could get some gain from that shares?
That's a very difficult question to answer.

The stock is already volatile. Making short-term predictions about stocks isn't easy, especially about volatile stocks.

The stock can go anywhere after you buy - up or down.

It may also happen that the stock's market price falls after you buy tomorrow, but your auction price turns out to be much higher than the market price.

I have no idea where the stock will be on auction day (Wednesday), but if I were in your place, I won't trade this stock now.
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  #50  
Old 18th October 2011, 10:41 AM
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Default

Thank you for your guidance. I got the point one can not predict the price of Jaypee Infra on Wednesday.
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  #51  
Old 18th October 2011, 09:18 PM
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Default Auction price determination.

Thank you for your guidance sir.

Now I want to know how the auction price will be determined in NSE and when the auction will be held? (I made the short delivery on yesterday, i.e on 17.10.2011)?

Could you please tell me the procedure of auction in NSE?

When I will be able to know the auction price and the loss thereafter?

Please let me know.

Thanks,

Risab.
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  #52  
Old 18th October 2011, 11:37 PM
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Quote:
Originally Posted by risab20 View Post
Now I want to know how the auction price will be determined in NSE and when the auction will be held? (I made the short delivery on yesterday, i.e on 17.10.2011)?

Could you please tell me the procedure of auction in NSE?

When I will be able to know the auction price and the loss thereafter?
For a trade done on 17th, auction will be held on 19th and settlement will be done on 20th.

If your broker informs you, you will know the auction details by 19th night.

Otherwise, you can check your ledger on 21st morning. The auction entry will be done in it by 20th night.

Auction market is a separate market. The price of the auction is determined from the offers made by the sellers. The lowest sell offers are selected.

The prices offered by the sellers have to be within the permissible price band (cash market price band) for the day.

The buyers have to buy the shares, no matter how high the offered price is.
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  #53  
Old 19th October 2011, 12:54 PM
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134297 shares of Jaypee Infratech will have to be bought in auction today.

Whenever a stock hits upper circuit, the auction quantity is always high (relative to other days).

Quote:
JPINFRATEC,EQ,134297
http://www.nseindia.com/content/nsccl/AUB.csv
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  #54  
Old 4th December 2011, 10:11 AM
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Default Need Help

What can be the maximum penalty for the short delivery?
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  #55  
Old 4th December 2011, 10:31 AM
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Quote:
Originally Posted by ronin View Post
What can be the maximum penalty for the short delivery?
You mean what could be the maximum auction or close-out price?

It depends on the stock.

For stocks in the derivatives segment, theoretically, the auction price can be anything. If the stock goes up 1000% in one day, the auction price would also be approximately 1000% above the selling price.

For other stocks, the maximum auction price depends on how high the stock can go between the day on which the shares were sold and the auction day.

For internal shortages, the maximum price depends on the policies of the broker.
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  #56  
Old 15th February 2012, 04:05 PM
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Default Voltas Short on 15022012

Hi Alchemist, I have short sell Voltas @ 105.77 on 15022012. But I could not squareoff it today due to some problem. The Stock has been closed @ 119.45.

Please let me know the worst scenario ? As per previous conversation will it end up with 20 % on 119.45 or 105.77 ?

Quote:
Originally Posted by Alchemist View Post
The exchange will buy shares on your behalf from the auction market and give them to the buyer.

You will have to pay the difference between the rate at which your shorted and the rate at which the exchange has to buy the shares.

As SBI is a liquid scrip. your auction price will be 2%-5% above the current market price.

If the exchange is not able to buy shares in the auction market, it will settle the position in cash
-at the highest recorded price between the relevant trading period and the auction day; or
-at 20 per cent above the last closing price, whichever is higher.

Never ever give a short delivery. If the exchange cannot buy shares in the auction market, you may end up paying minimum 20% more than price you short sold at. SBI is a liquid scrip, so this will not happen in your case.

===================================

Besides the auction rate, you will also have to pay a small cash penalty for a short-delivery. Your broker will also be penalized. Brokers have a point system and get penalized in points. If their penalty points exceed a certain limit within a certain period, they have to pay cash penalty.

Thus brokers don't like clients who give short delivery. If you give short deliveries frequently, your broker may discontinue your account.
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  #57  
Old 16th February 2012, 02:15 PM
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Quote:
Originally Posted by sujitshort View Post
Hi Alchemist, I have short sell Voltas @ 105.77 on 15022012. But I could not squareoff it today due to some problem. The Stock has been closed @ 119.45.

Please let me know the worst scenario ? As per previous conversation will it end up with 20 % on 119.45 or 105.77 ?
The auction will be held on T+2 day (17th).

The maximum auction price will be 20% above today's (16th) closing price or the highest price touched between trade day and auction day.
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  #58  
Old 21st February 2012, 06:06 PM
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Default Short Delivery - Could not square off

Dear Sir,

I have done 5 transaction of 100 shares each (scrip is jet airways) today i.e. on February 21, 2012 on NSE. First, i short sold 100 shares and bought 100 shares, thereby squaring off the first transaction. I again sold 100 shares and bought 100 shares, thereby squaring off the second transaction. I made a small profit on these first two transactions

I then short sold 300 shares at an average price of 352 odd, but could not square off by the end of the day. The closing share price today i.e. February 21, 2012 is 352.80.

In this scenario I wanted to understand

1. What is it that will happen to these 300 shares that I have short sold.
2. When will they get auctioned and
3. How would the price be determined?

I have read the post and this is what I understand, please correct me if i am wrong:

1. These 300 shares will be auctioned on T+2 basis i.e. they will get auctioned on February 23, 2012 and will be settled on February 24, 2012. Even if I buy the shares tomorrow (i.e. on February 22, 2012) at a price which is lower/higher than today's closing price of 352.80, the auction will not get affected and the auction will most definitely happen on February 23, 2012.

2. The auction may depend on whether it will be at broker level or at the exchange level. My broker is indiabulls and the exchange was NSE. so it may happen either internally at Indiabulls or on the exchange.

3. The worst case scenario in terms of price, could be that the 300 shares would be bought at the highest price of the day on February 23, 2012 (i.e. the T+2 day).

Please let me know if my understanding is right.

Regards.
Jaideep
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  #59  
Old 21st February 2012, 06:52 PM
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Quote:
Originally Posted by jskhattar View Post
1. What is it that will happen to these 300 shares that I have short sold.
2. When will they get auctioned and
3. How would the price be determined?
Only 100 shares will be auctioned. You squared-off 200 shares and so you don't have to deliver them.

Auction will be held on T+2 day (23rd) and settlement of the auction will be on T+3 day (24th).

If it turns out to be an internal shortage, then the auction price (or close-out price) will depend on Indiabulls' policies for internal shortages.

In case the shortage is an exchange level, the auction price will be determined by the sellers in the auction market.

If the shares can't be bought in the auction, the position will be closed out.

http://www.nseindia.com/content/nscc...qshortages.htm
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  #60  
Old 21st February 2012, 07:47 PM
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Quote:
Originally Posted by Alchemist View Post
Only 100 shares will be auctioned. You squared-off 200 shares and so you don't have to deliver them.
He sold 300 again.
Quote:
I then short sold 300 shares at an average price of 352 odd, but could not square off by the end of the day.
Anyway 100 or 300, it doesn't matter. The logic is the same.
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  #61  
Old 21st February 2012, 08:05 PM
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Dear Sir,

I believe that the scrip is fairly liquid, so there shouldn't be any problem on the auction front.

Generally, the auction does not happen at the Indiabulls level from what I have heard, so I guess the auction will happen by the exchange.

Now, if the auction happens by the exchange what would be price, would this in the worse case scenario be the highest price on 23rd (t+2) or will this be highest price on 23rd or 20% above closing price of 23rd whichever is higher?

Please let me know, because 20% higher to any closing on 23rd, could mean very deep losses.

Also, if you could shed some light on what would be the penalty that would be levied by the exchange.

Though, it is different thing that my squaring off did not happen because of some internet connection issues, I doubt the exchange would take that into account .

regards,
jaideep
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  #62  
Old 21st February 2012, 08:08 PM
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Also, I believe 300 shares will be auctioned as at the end of the day that was the quantity which was short sold by me.
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  #63  
Old 21st February 2012, 09:48 PM
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Quote:
Originally Posted by jskhattar View Post
Now, if the auction happens by the exchange what would be price, would this in the worse case scenario be the highest price on 23rd (t+2) or will this be highest price on 23rd or 20% above closing price of 23rd whichever is higher?

Please let me know, because 20% higher to any closing on 23rd, could mean very deep losses.

Also, if you could shed some light on what would be the penalty that would be levied by the exchange.

Though, it is different thing that my squaring off did not happen because of some internet connection issues, I doubt the exchange would take that into account .
The auction will happen on 23rd. So the highest possible price in the auction will be 20% above the closing price of 22nd.

In case the shares the not bought in the auction, the close-out price will be:

Quote:
Close out will be at the highest price prevailing in the NSE from the day of trading till the auction day or 20% above the official closing price on the auction day, whichever is higher.
http://www.nseindia.com/content/nscc...eqcloseout.htm

Quote:
Originally Posted by jskhattar View Post
Also, I believe 300 shares will be auctioned as at the end of the day that was the quantity which was short sold by me.
Your first statement was that you traded 100 shares five times, so I thought you sold 100 shares the third time too.
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  #64  
Old 22nd February 2012, 12:37 AM
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Sir,

Thank you for painstakingly answering all my queries, i really appreciate it. Could you please let me know if there is any penalty that would be charged by the exchange, in addition to the above mentioned mechanism.

Regards,
Jaideep
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  #65  
Old 22nd February 2012, 08:37 AM
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Quote:
Originally Posted by jskhattar View Post
Could you please let me know if there is any penalty that would be charged by the exchange, in addition to the above mentioned mechanism.
There is a penalty, but it's a very small amount.

I am not sure how much it is. I will have to check NSE's site.
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  #66  
Old 22nd February 2012, 02:48 PM
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Sir,

One other thing I wanted your opinion on, in a best case scenario, if the share price falls (like in the present case jet airways is quoting at 328 odd while I type this, I short sold it at around 352), is the profit shared with the client (assuming that a successful auction takes place) or does the money go to investor protection fund, I happen to read somewhere that the money goes to the investor protection fund.

Regards,
Jaideep
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  #67  
Old 22nd February 2012, 03:09 PM
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Quote:
Originally Posted by jskhattar View Post
One other thing I wanted your opinion on, in a best case scenario, if the share price falls (like in the present case jet airways is quoting at 328 odd while I type this, I short sold it at around 352), is the profit shared with the client (assuming that a successful auction takes place) or does the money go to investor protection fund? I happen to read somewhere that the money goes to the investor protection fund.
Investors are not allowed to make profits from short deliveries.

Quote:
However, in case, auction/ close-out price is lower than standard price, the difference is not given to the seller but is credited to the Investors Protection Fund.
BSE - FAQ's

The above is for exchange level shortages.

I am not sure what other brokers do for internal shortages, but Kotak Securities follows the above principle for internal shortages.
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  #68  
Old 3rd April 2012, 03:40 PM
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Hi Alchemist, I have short sell United Spirits 50 @ 629 on 02042012. But I could not square off it today due to some problem. The stock has closed @ 637.35.

Please let me know the worst scenario?
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  #69  
Old 3rd April 2012, 05:48 PM
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Quote:
Originally Posted by arawat18 View Post
Hi Alchemist, I have short sell United Spirits 50 @ 629 on 02042012. But I could not square off it today due to some problem. The stock has closed @ 637.35.

Please let me know the worst scenario?
United Spirits is in the derivatives segment and thus the potential of loss is unlimited.

There are no circuit limits in the derivatives segment. That means United Spirits can rise to any level in a single day.

The auction will be held tomorrow and the auction price will be higher than the market price of the stock.
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  #70  
Old 29th June 2012, 04:07 PM
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Quote:
Originally Posted by Alchemist View Post
Depending on whether the shortage is at broker level or exchange level, the broker or the exchange will buy the shares
Hi, can you clarify on what is shortage at exchange or broker level. When I short the shares, do I borrow them from broker? If the broker is at shortage of those shares, then, will I have to pay the penalty ?

Let's say, I sold of shares of a company on a day and purchased them the same day just before 3:00 to square off in intraday. Now, will I be certain that there will not be any auctioning or physical delivery etc ?

Last edited by ijay : 29th June 2012 at 04:22 PM.
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  #71  
Old 30th June 2012, 08:49 AM
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Quote:
Originally Posted by ijay View Post
Hi, can you clarify on what is shortage at exchange or broker level. When I short the shares, do I borrow them from broker? If the broker is at shortage of those shares, then, will I have to pay the penalty ?

Let's say, I sold of shares of a company on a day and purchased them the same day just before 3:00 to square off in intraday. Now, will I be certain that there will not be any auctioning or physical delivery etc ?
Brokers only have to deliver their net obligations to the exchanges.

Suppose 2 clients of a broker trade in ABC Limited.

Client 1 buys 200 shares on NSE and Client 2 sells 100 shares on NSE.

The net position of these trades is a buy position of 100 shares.

The broker will only get 100 shares from NSE. The broker will get the remaining 100 shares directly from Client 2.

If Client 2 fails to deliver the 100 shares, it will be an internal shortage (shortage at broker level). The exchange will not hold an auction for these shares (except if the broker requests).

The broker is responsible to deliver 200 shares to Client 1.

For the 100 shares that Client 2 didn't deliver, the broker can (depending his policies)

a. purchase the shares from the open market; or
b. close-out the position on cash basis; or
c. request the exchange to hold an auction. (I think this option is available on BSE only).

Quote:
Self-Auction

The Delivery and Receive Orders are issued by BSE to the Members after netting off their purchase and sell transactions in scrips where netting of purchase and sell positions is permitted. It is likely in some cases, a selling client has failed to deliver the shares sold in a settlement to a Member. However, this may not result in failure of the Member to deliver the shares to the Clearing House as there was a purchase transaction of his some other buying client in the same scrip and the same was netted off for the purpose of settlement. In such a case, the Member would require shares so that he can deliver the same to his buying client, which otherwise would have taken place from the delivery of shares by his selling client. To provide shares to the Members in such cases, they have been given an option to submit the details of such internal shortages on floppies on pay-in day for conducting self-auction (i.e., as if they have defaulted in delivery of shares to the Clearing House). These shortages are clubbed with the normal shortages in a settlement arrived at by the Clearing House and the auction is conducted by the Clearing House for the combined shortages.
BSEIndia

If you sell shares and repurchase them on the same day, there will be no delivery involved. It will be a simple intraday trade.
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  #72  
Old 1st July 2012, 09:19 AM
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Quote:
Originally Posted by Alchemist View Post
For the 100 shares that Client 2 didn't deliver, the broker can (depending his policies)

a. purchase the shares from the open market; or
b. close-out the position on cash basis; or
c. request the exchange to hold an auction. (I think this option is available on BSE only).
Thank you for the information.

Can you please tell me me what is open market? Will the buying client really agree to close out on cash basis? He might be of an opinion that the stock is going to open with 3% increase in the current value tomorrow so I need the stock & not money?

Also is there any way I can find out what options do brokers prefer ? e.g. Sharekhan.
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  #73  
Old 1st July 2012, 11:19 AM
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Originally Posted by ijay View Post
Can you please tell me me what is open market? Will the buying client really agree to close out on cash basis? He might be of an opinion that the stock is going to open with 3% increase in the current value tomorrow so I need the stock & not money?

Also is there any way I can find out what options do brokers prefer ? e.g. Sharekhan.
The normal market that we all trade in, is the open market and everyone can buy/sell in that market.

The auction market is a separate market.

If a broker sells a particular stock, but doesn't deliver the shares, he is not allowed to participate in the auction market when those shares come up for auction.

For internal shortages, the buying client doesn't have a choice. He has to accept whatever the broker gives him - shares or cash.

Usually the close-out price is much higher than the market price and thus the buying clients don't have a reason to complain.

All brokers have different policies for internal shortages and it is mandatory for all brokers to mention their internal shortage policies on their respective websites.

Just check the websites of different brokers and you will know their policies for internal shortages.

Sharekhan's policy is as follows:

Quote:
Shortages in obligations arising out of internal netting of trades

Internal Shortage Policy

BSE has a window wherein internal short deliveries can get auctioned as per the normal auction process. Internal short deliveries are not covered by the Auction conducted on the NSE. It is due to this limitation on the NSE we follow the procedure as mentioned below

1. The client may not receive shares on T+2 in case there is an internal shortage situation within Sharekhan, i.e. the buyer and seller are both Sharekhan clients and the seller defaults in delivery due to which the buyer may not receive the shares.

2. In case of an internal shortage, firstly the defaulting seller would be debited with a value as on the previous day of the payin day + 30 % for the default till such time the auction process can be completed.

3. In case there is an internal shortage in BSE, the exchange conducts an auction through which the shares would be purchased and delivered to the buyer. The seller would be debited at the rate at which the exchange would have purchased these shares. Additionally, brokerage, statutory costs and other incidental charges including penalty for non-delivery may be debited to the client. In case the exchange is unable to purchase these shares, the exchange will inform Sharekhan of a close out rate, at which the buyer would be allowed credit and the seller would be debited for the same amount.

4. In case there is an internal shortage in NSE, Sharekhan purchases the shares from the normal market and provides the shares to the buyer, on receipt of delivery. The defaulting seller would be debited with the rate at which these shares were purchased, including the brokerage, statutory charges and other incidental charges including penalty if any. In case of non receipt of delivery to purchase the shares, the buyer would be offered credit at a close out rate applicable on T+4 day + 3% or and the seller would be debited at the same rate. In case where Sharekhan is unable to purchase the shares on account of the scrip being in buying circuit, the position would then be closed out on the closing price of the exchange on T+2 at the circuit percentage of 2 days.
http://www.sharekhan.com/downloads/S...anPolicies.pdf
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  #74  
Old 21st May 2017, 06:22 PM
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I am doing my tax calculations for FY 2016-2017.

I lost Rs 47611 because of short deliveries in FY 2016-2017 (six different stocks).



The biggest losses came when the stocks were locked in upper circuit.
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  #75  
Old 10th July 2017, 08:08 PM
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Is there any way to find out whether the shares bought by me are delivered short. I want to know whether SGBAUG24 bought in NSE on 29th June was delivered short.

I received a SMS that these bonds are delivered short, but Sharekhan is denying that it is delivered short. It is long story to explain here but if the delivery for this is short than very likely Sharekhan cheated me for around Rs 30000.
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  #76  
Old 12th July 2017, 12:33 AM
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Originally Posted by rajivka View Post
Is there any way to find out whether the shares bought by me are delivered short. I want to know whether SGBAUG24 bought in NSE on 29th June was delivered short.

I received a SMS that these bonds are delivered short, but Sharekhan is denying that it is delivered short. It is long story to explain here but if the delivery for this is short than very likely Sharekhan cheated me for around Rs 30000.
There is no way expect if you complain to SEBI?

How exactly did they cheat you?
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Old 12th July 2017, 10:19 AM
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Quote:
Originally Posted by Alchemist View Post
There is no way expect if you complain to SEBI?

How exactly did they cheat you?
Regarding SGB Bonds, they cant be transferred from NSDL to CDSL or vice versa. As my Demat with Sharekhan is NSDL, if they receive the delivery in CDSL account, then that can't be transferred to NSDL account. I have linked my RKSV CSDL account with Sharekhan so that they can credit such bonds in my CDSL account just in case the delivery is received in CDSL account.

But Sharekhan does not automatically transfers these bonds in my CDSL account. Everytime I receive a delivery in CDSL account, I have to raise a request to transfer to my demat account. Also I asked them multiple times that atleast you should send some communication regarding this but they told me that they cant send any communication. So everytime I purchase SGB bonds I need to check whether the bonds are credited to my NDSL account. If It is not credited, then I raise a request to transfer it to CDSl account. Depending upon person handling the case they transfer the bonds to CDSL account anytime within 1 day to few weeks.

I am regularly trading in SGB bonds and also trying to track it and request everytime I receive delivery in CDSL account. But Inspite of taking enough care, there is still some probability that I may miss out on some transaction. I bought 2 bonds on 22nd June and 12 bonds on 29th June. The delivery for 22nd June was not credited to my NDSL account. I realized this on 1st July. As expected they never automatically credit these bonds in my CDSL account. Then on July 1st I raised a request to transfer these bonds to my CDSL account. But then on 3rd(Settlement date of trade date 29th June), I received an SMS that 12 bonds of SGB is received short. But I saw credit of 12 bonds in my CDSL account on 3rd June, but still did not receive two bonds. I was surprised how can 12 bonds be credited to my CDSL account when it is received short. Also everytime I have to raise a request to transfer it in to my CDSL account but this time it happened without raising the request. Third even after raising the request it takes some time to credit it in CDSL account but here it happened on same day. Anyways as I received the bonds I did not bother that much.

On 5th July I talked with senior person in Sharekhan regarding 2 quantity purchased on 22nd June, she told me that 2 quantity would be credited that day and remaining 12 quantity was delivered short so would be credited in next 2 days. I told her that I have already received 12 quantity in my Demat.

After talking to her I give a thought whether 12 bonds received on 3rd July was corresponding to bonds purchased on 29th June. It is highly unlikely that they credit the bonds on 3rd July for 29th June as the delivery was short, second I never raised a request and third it never gets credited same day. One possibility could be that I already had 10 bonds in Sharekhan's pool account and 2 bonds purchased on 22nd June make it 12. They credited these 12 bonds. It was just a coincidence that both quantities are same. I got confused and assumed that the 12 bonds were credited for 29th June trade whereas this may not have any relation to trade dated 29th June.

But Now Sharekhan is saying that I myself agreed that I received credit of 12 bonds. They are asking me to ignore the message for Short delivery and said this was sent by mistake. I checked my statements for June that seems matching but I do not have enough data whether 12 bonds credited were for trade dated 29th June or for previous delivery. Sharekhan is saying that they have credited the bonds I am 50-50%.
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  #78  
Old 17th July 2017, 11:22 AM
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Originally Posted by rajivka View Post
One possibility could be that I already had 10 bonds in Sharekhan's pool account and 2 bonds purchased on 22nd June make it 12.
Maybe the bonds belonged to someone else.

If there was an internal shortage, Sharekhan must have taken the bonds from its own pool account and delivered to you.

Did you get another 2 bonds?
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  #79  
Old 17th July 2017, 11:35 AM
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Quote:
Originally Posted by rajivka View Post
Regarding SGB Bonds, they cant be transferred from NSDL to CDSL or vice versa. As my Demat with Sharekhan is NSDL, if they receive the delivery in CDSL account, then that can't be transferred to NSDL account. I have linked my RKSV CSDL account with Sharekhan so that they can credit such bonds in my CDSL account just in case the delivery is received in CDSL account.
Curious, why not buy and sell via RKSV for CDSL only bonds, why bother with Sharekhan?

What am I missing?
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  #80  
Old 17th July 2017, 01:51 PM
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Originally Posted by Atiker View Post
Curious, why not buy and sell via RKSV for CDSL only bonds, why bother with Sharekhan?

What am I missing?
I think it's margins. RKSV asks for 100% margin for delivery.
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