In Phase 1, for trades carried out until 1.30 pm, the settlement of funds is proposed to be completed by 4.30 pm. In Phase 2, there will be instantaneous trade-to-trade settlement for both funds and securities. In this phase, trading can be done till 3.30 pm.
After Phase 2 is implemented, Phase 1 of optional T+O will be discontinued, the paper noted. This will be in addition to T+1 settlement cycle already existing in the equity cash segment.
Sandeep Parekh, Founder, Finsec Law Advisors, said the move is a good one adding that those participants wanting a faster settlement would be willing to pay a higher price for the transaction."As such there could be a small price variation between a T+0 trade and a T+1 trade," Parekh said.
Also, instant settlements will require participants to become more agile. "All players including depositories, stock exchanges will need to work faster," Parekh observed.
هذه القصة مأخوذة من طبعة December 23, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة December 23, 2023 من Financial Express Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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