CUET Preparation Today
On............. day, the exchange will deliver the share or make payment to the other broker. |
Pay-in day T+2 Day Transaction Day None of the above |
T+2 Day |
The correct answer is option 2- T+2 Day. On the T+2 day, the exchange will deliver the share or make payment to the other broker. This is called the pay-out day. The broker then has to make payment to the investor within 24 hours of the pay-out day since he has already received payment from the exchange. |
