India’s market regulator expects instant settlement of stock market trades to be implemented by October 2024, a source from the regulator told Reuters on Tuesday. Currently trades in India are settled in “T+1” or one day after the trades are initiated. Instant settlement would ensure trades are settled immediately. For foreign investors, the instant trade … Read more
T+1 (trade plus one) means that trade-related settlements will be cleared within a day of the actual transactions. Earlier, trades on the Indian exchanges were settled in two working days after the transaction took place(T+2). The stock exchanges, NSE and BSE, earlier in a joint statement, announced that they would implement the T+1 settlement cycle … Read more
Brokers said these two moves have made it possible for the regulator to shorten the settlement cycle. Synopsis The panel will look into the operational issues that had forced the regulator to put the proposal on the back-burner. While domestic brokers are concerned over the continued hitches in the Pay-in process – a system where … Read more