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What is a No-delivery period?

April 26, 2017no-delivery period

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What is a No-delivery period?

2 Answers

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Posted

No-delivery period (ND) refers to a book closure or record date as announced by the Company. The Exchange sets a no-delivery period for that security. During this period, trading is permitted in that security. However, these trades are settled only after the no-delivery period is over. This is done to ensure that the investor’s entitlement for corporate benefits is clearly determined.

0

Posted

No-delivery period (ND) refers to a book closure or record date as announced by the Company. The Exchange sets a no-delivery period for that security. During this period, trading is permitted in that security. However, these trades are settled only after the no-delivery period is over. This is done to ensure that the investor s entitlement for corporate benefits is clearly determined.