Settlement number in pay-in instructions -
In order to enable brokers to identify the settlement number, for which they are receiving securities for pay-in from their clients, a facility is being made available, wherein while executing transfer instructions, for delivery of securities for pay-in to broker accounts, the investors should mention the settlement number for which the securities are being delivered.

Settlement number in pay-out instructions -
Similarly while executing transfer instructions, for delivery of securities to investors after pay-out, the brokers should mention the settlement number for which the securities are being delivered.

The settlement number provided by the investors / brokers will be entered by the Depository Participants (DPs) in the CDSL system and shall be reflected in the transaction cum holding statement and also in various reports pertaining to transfers.

The settlement number can be used by the brokers to track the settlement number for which the securities are being delivered by the investors and plan settlements accordingly. The investors can also use the settlement number to identify the settlement for which the securities are being delivered to them by the brokers.

A detailed procedure for the DPs regarding the above can be downloaded by clicking the "Download" link as below.