If I have sold some shares, can I use the cash projections therefrom to buy other shares?
Settlement of funds is done on net basis for each segment. Therefore, Cash projections against sale of some TT Segment stock will be available for purchase of the same or another TT Segment Stock. Similarly, Cash projections against sale of some Rolling Segment stock will be available for purchase of the same or another Rolling Segment Stock. However, there is no netting off between various Segments. Therefore, Net Cash projections against sale of one or more of TT Segment stocks will not be available for purchase of Rolling Segment Stocks in the same settlement. Similarly, Net Cash projections against sale of one or more of Rolling Segment stocks will not be available for purchase of TT Segment Stocks in the same settlement. However, Net Cash projections of one segment will be available for purchases in another segment on the next trading day onwards since the cash pay-out day of the earlier settlement falls on or earlier than the cash pay-in day of settlement in which the purchase is
