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- Pay-out obligation refers to the obligation of members to make payment for securities sold and/or deliver securities purchased to their clients1. The day that the shares are transferred to the custodian or broker or sub-broker after an investor sells the shares is called the pay-in date. The day that the buyer receives the shares from the broker is called the pay-out date2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Members are required to make payment for securities sold and/ or deliver securities purchased to their clients within one working day (excluding Saturday, Sunday, bank & BSE trading holidays) after the pay-out of the funds and securities for the concerned settlement is completed by BSE.www.bseindia.com/static/markets/equity/EQReport…The date that shares are transferred to the custodian or broker or sub-broker after an investors sells the shares is called the pay-in date. The day that the buyer receives the shares from the broker is called the pay-out date.economictimes.indiatimes.com/markets/stocks/new…
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