Received an email from CDSL

Hi team,

Please explain what does this mean in simple terms and how it will affect retail investors.

“From 12Nov22 early payin instructions without UCC will lead to payin failure/shortage in settlement obligations due to implementation of block mechanism - CDSL”


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Hi @pratik01

This primarily impacts brokers. For client trades, at the time of pay-in of securities, the client UCC also needs to be mentioned. Dhan is already compliant with this requirement.

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