Zerodha emails you a weekly statement because stockbrokers must send a ledger statement and register of securities to their clients every week, as per the exchange circular (ZIP). The statement contains the details of fund transactions and holdings.
As per the exchange circular (ZIP), stockbrokers must send a ledger statement and register of securities to their clients every week.
Understanding pending obligations
The pending obligations in your statement show trades that have not yet settled, such as shares you bought on Friday. If Friday were a trading holiday, shares you bought on the previous trading day would appear under pending obligations.
Example scenario
You receive your weekly equity statement from 01-03-2021 (Monday) to 06-03-2021 (Saturday) the following week. If you purchased shares on 05-03-2021 (Friday), they appear under pending obligations because, as of 06-03-2021 (Saturday), they have not yet settled.
