Activity schedule for Auction Session

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..... the auction session and is delivered to the buying broker on T+4 day. In order to reduce the time involved in delivering the shares to the buying broker, in case of default, it has been decided to conduct the auction on the same day of the settlement, after the pay-in is completed. i.e. the auction for trades done on T day shall be conducted on T+2 day after pay-in is completed and shortfall is .....

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..... owing the day(s) of the closure. On such days when multiple settlements (say S1 and S2) are conducted on the same day (say Tm) the auction session shall be as under: The auction of first settlement (S 1 ) shall be conducted on the same day (T m ) and settled the next day (T m +1). 2. The auction for the second settlement (S 2 ) shall be conducted on the next day (T m +1) along with the short .....

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