Key Points
New Delhi, Mar 28 (PTI) Stock exchanges BSE and NSE on Thursday launched the beta version of T+0, or same-day trade settlement on an optional basis for select stocks...
Designed to settle trades on the same day, the T+0 settlement facilitates quicker receipt of funds and securities in investor accounts, thereby reducing the risks associated with time lag...
We are confident that this optional settlement cycle will contribute to the continued growth and development of the capital markets in India, Ramamurthy said.. Bajaj Auto, Vedanta, Hindalco Industries, State Bank of India (SBI), Trent, Tata Communications, Nestle India, Cipla, MRF, JSW Steel, BPCL, ONGC, NMDC and Ambuja Cements are among the 25 scrips available for T+0 settlement...
After deliberations and approval of the Sebis board, the regulator last week put in place a framework for introduction of the beta version of T+0 settlement cycle on an optional basis from March 28...
Sebi, in its effort to keep pace with the changing times and carry out its mandate of development of securities markets and investor protection, shortened the settlement cycle to T+3 from T+5 in 2002 and subsequently to T+2 in 2003..
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