SEBI Proposes T+0 and Instant Settlement Cycle
On 22nd December, 2023, market regulator Securities and Exchange Board of India (SEBI) proposed the introduction of a facility for clearing and settlement of funds and securities on T+0 (same day) and instant settlement cycle on an optional basis.
- The facility will be in addition to the existing T+1 (trade plus one day) settlement cycle in the secondary markets for the equity cash segment.
Rationale behind the Proposal
- Over the last few years, Indian securities markets have seen tremendous growth, both in terms of volumes, value, as well as number of participants.
- This increase puts a greater onus on the regulator to ....
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