CUET Preparation Today
On the T+2 day, the exchange will deliver the share or make payment to the other broker, this is called................ |
Pay-in day Pay-out day Transaction Day None of the above |
Pay-out day |
The correct answer is option 2- Pay-out 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. |
