What prompted CDSL to send an SMS and email regarding the blocking mechanism for the pay-in of securities? 

In accordance with SEBI guidelines, depositories are required to authenticate depository transfer instructions against the Clearing Corporation (CC) obligation details. An obligation refers to the shares mandated for delivery to the CC in response to executed sell orders. Successful transactions occur when transfer and obligation details align. Conversely, if there is a discrepancy in the details, the transfer is rejected.

Clients need not initiate any action as Alice Blue ensures the alignment of CC obligation details, including Unique Client Code (UCC), Trading Member (TM) ID, Clearing Member (CM) ID, Exchange ID, ISIN, quantity, settlement details, etc. This comprehensive verification is conducted to ensure the successful transfer of securities.

Was this helpful?

Haven't found the Answer to your Question?

Raise a Help Ticket