Frequently Asked Question

As per SEBI guidelines (WEB), depositories must validate depository transfer instructions against the Clearing Corporation (CC) obligation details. An obligation refers to the shares that need to be delivered to the CC for settlement of executed sell orders. If the transfer details match the obligation, the transaction is processed. However, if there is a mismatch, the transfer is rejected.

Clients do not need to take any action, as Upmove ensures that the CC obligation details—based on the Unique Client Code (UCC), Trading Member (TM) ID, Clearing Member (CM) ID, Exchange ID, ISIN, quantity, settlement details, and other factors—are properly aligned for the securities to be successfully transferred.