What is execution date given in the delivery instruction form?
Execution date is the date on which securities will be actually debited from your account. The execution date written on the delivery instruction has to be entered by the DP, in the DPM system [computer]. DPM system will record the date and will debit your account only on that date. You may issue the instruction well in advance of the date on which you want the securities to be debited from your account but your account will be debited only on the execution date. This facility is called future execution date facility. What benefit do I get by giving delivery instruction with a future execution date? By giving a future dated instruction the risk of non-execution of instruction due to lack of time or last minute rush is covered.
Ans. Execution date is the date on which securities will be actually debited from your account. The execution date written on the delivery instruction has to be entered by the DP, in the DPM system [computer]. DPM system will record the date and will debit your account only on that date. You may issue the instruction well in advance of the date on which you want the securities to be debited from your account but your account will be debited only on the execution date. This facility is called future execution date facility.
Execution date is the date on which securities will be actually debited from the client’s account. Execution date can be any future date. The system will debit the client’s account only on the execution date mentioned on the instruction slip. Please note that any instruction submitted after 4 PM on a particular day with execution date of the next day is accepted only on a ‘Best Effort Basis’ without any risk or responsibility on the part of the bank in case of non-execution of the instruction.
• Execution date is the date on which securities will be actually debited from your account. The execution date written on the delivery instruction has to be entered by the DP in the DPM system [computer]. DPM system will record the date and will debit your account only on that date. You may issue the instruction well in advance of the date on which you want the securities to be debited from your account but your account will be debited only on the execution date.
Execution date is the date on which securities will be actually debited from your account. The execution date written on the delivery instruction has to be entered by the DP, in the DPM system [computer]. DPM system will record the date and will debit your account only on that date. You may issue the instruction well in advance of the date on which you want the securities to be debited from your account but your account will be debited only on the execution date. This facility is called future execution date facility.
