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.
• 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 branch DP in the DEBOS/Other system. When this is uploaded to DPM/CDAC by CBODPO or by DP to DPM/CDAC, the Depository’s system will record the date and will debit client’s account only on that date. • Client may issue the instruction well in advance of the date on which he/she wants the securities to be debited from his/her account but his/her account will be debited only on the execution date.
Execution date is the date on which securities will be actually debited from your account. If execution date is written on the delivery instruction, your DP will enter the same in the DPM system [computer]. Then DPM system will remember 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.
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. This facility is called future execution date facility.
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. 12.
