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How is No-delivery fixed in Rolling Settlement?

April 26, 2017fixed no-delivery rolling

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How is No-delivery fixed in Rolling Settlement?

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BSE announces a No-delivery period in scrips on the basis of intimation from the companies about Book Closure (BC)/Record Date (RD). During the period of No-delivery, the settlement of purchase/sale transactions is not effected. No-delivery period for various scrips is indicated in the settlement calendar of BSE (generally No-delivery period is for one week). The transactions in the scrips done at BSE during the No-delivery period are netted and settled in the settlement in which the scrips come out of No-delivery.