What is Settlement Id on DIS

#1

Hi friends,
My DP has issued me Delivery Instruction Slip (DIS). For on-market transfer there’s a field called settlement id. My broker said it’s not required.

What is this settlement id and is it necessary to be mentioned on the DIS?
Thanks and regards,
Rohit.

#2

@rohit80 Market trade can not be executed without settlement no . settlement no is of the date on which the trade has been executed . like today 27 June 2019 the NSE settlement no is : 2019121 for normal group .

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#3

Yes you are absolutely right. There was disconnect in understanding of my broker. He was expecting me to have a demat account with him and give him the POA so that he could debit the securities on settlement day. In that case no DIS is required and I need not be worries about the settlement number.

What I was referring to (eventually now that I understand) is selling with broker when my securities are held with another DP. (where I have to fill the DIS after sell and submit it to DP for debit to broker account for settlement)
Thanks for your help. It’s very clear now.

#4

In such case instead of physical dis slip you can use SPEED E (nsdl ) or EASI (cdsl) . for this you have to enter into an agreement with the dp and hand over the consent letter from broker /brokers whom you want to add . this is less expensive and available 24 hours and instant .