Intraday in GOI bonds in BSE G group

[Prayag]

Some amount of trust is required but @VenuMadhav had explained a method to find out if the broker had passed the close-out credit in certain specific situations in a different thread -

@VenuMadhav

But if there’s no internal netting off, there’s a way to determine if the broker passed you the 20% close out credit or not. When the Exchange has to credit shares to a broker’s pool account, it always does it with a ‘settlement number’ tag. When the shares are then transferred to your account, the settlement number shows up in your demat statement. Each trading day of the week is assigned a unique settlement number. Likewise, the settlement numbers for shares under ‘physical delivery’ payout are also defined.

Now to determine if your broker bought shares and credited it to you instead of passing on the 20% benefit, here’s how you can figure:

(a) Ask your broker to send you your ‘statement of transaction’ for the demat account to which you’ve received the shares
(b) Every demat credit in the statement, will have an accompanying settlement number from where shares are transferred
('c) If the payout of SBIN was received from an auction for physical delivery shares, the respective settlement number would show up in the statement. (you may have to refer ICCL’s settlement numbers if your broker is clearing through ICCL).
(d) If the payout of SBIN is received in regular settlement , then you can sort of conclude that the transfer was made from purchase of shares by the broker. Do ask with your broker about this anomaly if exists.

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@RLM

Is “close-out” credit to buyer ; applicable to all the types and all category of shares ?

From what I am able to find, It seems to be applicable for Equities (refer to this page) as well as debt instruments (refer to Page 6 onwards of this document)