Rolling settlement: scrips without depository connectivity to remain on trade-for-trade until connectivity enables normal rolling settlement transfer. Scrips with depository connectivity by September 30, 2001 will trade in normal rolling settlement from December 31, 2001; those with connectivity by October 31 and November 30, 2001 will move from trade-for-trade into normal rolling settlement on January 31, 2002 and February 28, 2002 respectively. Scrips lacking connectivity by the cutoff dates remain in trade-for-trade until they complete the prescribed linkage and procedures, after which they will be migrated into normal rolling settlement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Rolling settlement: scrips without depository connectivity to remain on trade-for-trade until connectivity enables normal rolling settlement transfer.
Scrips with depository connectivity by September 30, 2001 will trade in normal rolling settlement from December 31, 2001; those with connectivity by October 31 and November 30, 2001 will move from trade-for-trade into normal rolling settlement on January 31, 2002 and February 28, 2002 respectively. Scrips lacking connectivity by the cutoff dates remain in trade-for-trade until they complete the prescribed linkage and procedures, after which they will be migrated into normal rolling settlement.
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