Trade-plus-One (T+1) Settlement Cycle
On 27th January, 2023, India become the second country in the world after China, to start the ‘trade-plus-one’ (T+1) settlement cycle in top listed securities.
- The phased transition had begun on February 25, 2022, following markets regulator Securities and Exchange Board of India (SEBI)’s circular in September 2021.
About Trade-plus-one’ (T+1) Settlement Cycle
- The T+1 settlement cycle means that trade-related settlements must be done within a day, or 24 hours, of the completion of a transaction. (T stands for the trading day).
- For example, under T+1, if a customer bought shares on Wednesday, they would be credited to the customer’s demat account ....
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