Wednesday December 11 2024
News Source: Global Exchanges
Focus: Clearing & Settlement
Type: General
Country: India
On 10th December 2024, the Securities and Exchange Board of India (SEBI) issued a circular on the beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets, for a limited set of 25 scrips and with a limited number of brokers.
In order to enable smooth implementation and avoid any disruptions in the implementation of beta version of optional T+0 settlement cycle, the mechanism was enabled only for non-custodian clients with effect from March 28th, 2024.
Based on the feedback received from various stakeholders to increase the efficiency of optional T+0 settlement cycle and approval of the Board, it has been decided to enhance the scope of optional T+0 settlement cycle, with the following measures:
- Increase in number of eligible scrips for trading under optional T+0 settlement cycle
- Participation by all Stock Brokers
- Participation by Qualified Stock Brokers (QSBs)
- Participation by Custodians
- Block Deal window in T+0 settlement cycle
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