Auto Delivery-out
Also written Auto Delivery-out (Auto DO)
A delivery-out instruction generated automatically by the Clearing Corporation from the CM Pool Account to the CM Delivery Account, based on net delivery obligations, for CMs who have authorised it.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
- Delivery Instruction SlipThe signed form on which a beneficial owner instructs the DP to debit the demat account — no beneficiary account can be debited without one, whether the transfer is on-market or off-market.
- InteroperabilityA clearing member choosing one clearing corporation to clear and settle everything it trades, across all exchanges, instead of being tied to a separate clearing corporation per exchange.
- Standing instructionA one-time authority, usually given at account opening, for the DP to credit securities into the account without a fresh instruction each time — the alternative is a Receipt Instruction for every single receipt.
Where this is taught
Free preparation for NISM Series VI← All terms