You Can buying and selling of dematerialised securities

You Can buying and selling of dematerialised securities

a. selling dematerialized securities

b. purchase dematerialized securities.

selling dematerialized securities

The procedure for selling dematerialized securities is very simple. Procedure for selling securities is given here below:

1. You sell securities in any of the stock exchanges through a broker;
2. You give instruction to your DP to debit your account and credit the broker's (clearing member) account before the deadline time specified by your DP;
3. Before the pay-in day, your broker gives instruction to its DP for delivery to clearing corporation;
4. Your broker receives payment from the stock exchange (clearing corporation);
5. You receive payment from the broker for the sale of securities.

purchase dematerialized securities.
For receiving demat securities you may give a one-time standing instruction to your DP. Procedure for buying securities is given here below:

• You purchase securities through a broker;
• You make payment to your broker who arranges payment to clearing corporation on the pay-in day;
• Your broker receives credit of securities in its clearing account (clearing member account) on the pay-out day;
• Your broker gives instructions to its DP to debit its clearing member account and credit your account;
• You receive shares into your account. However, if standing instructions are not given at the time of opening the account, you will have to give 'Receipt Instructions' to your DP for receiving credit.