On every stock exchange, various settlements are effected every day such as daily settlement, auction settlement, etc. Each of these settlements is identified by combination of a market type and a settlement number. You are required to mention the appropriate settlement details on the delivery instruction slip while transferring the shares from your ProStocks depository account to your Broker’s clearing account. These settlement details are available on the contract note issued by your Broker to you.
You need not to give any instruction for shares sold through your ProStocks trading account in case shares are available with ProStocks and you have executed POA in favor of ProStocks.
