Introduction of T+1 rolling settlement on an optional basis

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....ettlement on an optional basis 1. SEBI, vide circular no. SMD/POLICY/Cir - /03 dated February 6, 2003, shortened the settlement cycle from T+3 rolling settlement to T+2 w.e.f. April 01, 2003. 2. SEBI has been receiving request from various stakeholders to further shorten the settlement cycle. Based on discussions with Market Infrastructure Institutions (Stock Exchanges, Clearing Corporations....

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.... subject to minimum period and notice period as mentioned in Para 4 above. 6. There shall be no netting between T+1 and T+2 settlements. 7. The settlement option for security shall be applicable to all types of transactions in the security on that Stock Exchange. For example, if a security is placed under T+1 settlement on a Stock Exchange, the regular market deals as well as block deals wil....