NSE & BSE will launch a beta program for T+0 settlement, effective Thursday, March 28th, 2024 to Commence Optional T+0 Settlement Pilot for Selected 25 Securities In accordance with the Securities and Exchange Board of India (SEBI) guidelines, with market timings being continuous between 9:15 a.m. and 1:30 p.m
SEBI introduces New The T+0 settlement beta version- The T+0 settlement as per SEBI refers to the process where the trade settlement happens on the same day of the transaction. SEBI introduced a beta version of the T+0 rolling settlement cycle on an optional basis, in addition to the existing T+1 settlement cycle in Equity Cash Markets. This was announced in a circular dated March 21, 2024. The new T+0 settlement cycle will reduce transactional risks and enhance market efficiency, providing immediate liquidity to investors and increasing trading opportunities while reducing settlement risks. The Key features of the T+0 settlement are: Same-Day Settlement : Trades are settled on the same day of the transaction, which is a significant shift from the traditional T+1 settlement cycle. Reduced Transactional Risks : Immediate settlement reduces the risks associated with the time gap between trade execution and settlement. Enhanced Market Efficiency : Provides immediate liquidity to investo