Rescheduling of settlements due to bank holidays

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....or/Managing Director Of all the Stock Exchanges Dear Sir/Madam, Rescheduling of settlements due to bank holidays This is with reference to SEBI's letter dated March 19, 2001 ref. No. SMD/Policy/25249/2001 where SEBI had advised about the rescheduling of the settlement cycles at the exchanges on account of scheduled and unscheduled bank holidays on settlement days.  The issue of....

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....oses of adjusting for settlement holidays, merge the settlement of multiple days into one, so that the settlement process is smooth. In such cases only one settlement number would be allotted to the merged settlement. However, if the settlement holiday is unscheduled (on account of strike etc.), the clubbing of settlement at the last minute may not be possible and the provision of SEBI letter r....