Time between trade date and settlement date
This query is : Resolved
29 April 2014
Hey Guys,
I was holding some debentures.
Its Record date was set on say 5 Apr
That means 4 Apr will be Ex-interest date and if hold the debentures on 3rd Apr i will be getting the interest.
Now if i sell them on 4th i should be eligible.
Actually i have not received the interest.
Now After checking my demat statement i recognized that my purchased shares are credited to me after 2 days but sold shares are debited the same day of purchase and the debentures were debited from my account in 4th Apr were not present on 5th Apr.
Now My Qus is that
Who own the debentures on 4th and 5th Apr and who will receive the interest
I was holding some debentures.
Its Record date was set on say 5 Apr
That means 4 Apr will be Ex-interest date and if hold the debentures on 3rd Apr i will be getting the interest.
Now if i sell them on 4th i should be eligible.
Actually i have not received the interest.
Now After checking my demat statement i recognized that my purchased shares are credited to me after 2 days but sold shares are debited the same day of purchase and the debentures were debited from my account in 4th Apr were not present on 5th Apr.
Now My Qus is that
Who own the debentures on 4th and 5th Apr and who will receive the interest
30 April 2014
while the security wont reflect in the buyer's DP statement, he shall have the beneficial righ wef the date he/she bought it (ie transaction date)
30 April 2014
Why will the buyer will have the right to get interest as he is buying the ex-interest debentures
30 April 2014
see what I wrote...I said he will have the beneficial right wef from the date he bought..the interest before that won't be his right.
30 April 2014
Let me give you exact dates
The record date was 17 Mar 2014 (it was a holiday) (15,16 Mar were also holiday)
So according to me the record date will be 14 Mar 2014 and the ex-date will be 13 Mar 2014
Now i sold them on 13 Mar 2014 and my demat a/c was debited on 13 Mar.
From my point of view i am eligible but i have not receive the interest so far from the company
The record date was 17 Mar 2014 (it was a holiday) (15,16 Mar were also holiday)
So according to me the record date will be 14 Mar 2014 and the ex-date will be 13 Mar 2014
Now i sold them on 13 Mar 2014 and my demat a/c was debited on 13 Mar.
From my point of view i am eligible but i have not receive the interest so far from the company
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