After T+1, Sebi eyes share settlements within just an hour
Mint Mumbai|September 06, 2023
The Securities and Exchange Board of India (Sebi) is working on accelerating the settlement of shares to one hour from the existing (T+1) settlement window, chairperson Madhabi Puri Buch said on Tuesday.
After T+1, Sebi eyes share settlements within just an hour

“India is the first jurisdiction in the world that has moved to T+1 (trade plus one day) settlement period. Now, we are talking about one-hour settlement which will be a stepping stone to instantaneous settlement.

“It will be within a reasonably short period of time, something that is traditional, morphed into something which is very modern and contemporary," the Sebi chief said during her address at the Global Fintech Summit in Mumbai. The implementation of the new settlement window, however, is likely by March 2024, said a person in the know seeking anonymity.

この記事は Mint Mumbai の September 06, 2023 版に掲載されています。

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