Enhancement in the scope of optional T+0 rolling settlement cycle in addition to the existing T+1 settlement cycle in Equity Cash Markets

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....o the existing T+1 settlement cycle in Equity Cash Markets, for a limited set of 25 scrips and with a limited number of brokers. 2. In order to enable smooth implementation and avoid any disruptions in the implementation of beta version of optional T+0 settlement cycle, the mechanism was enabled only for non-custodian clients with effect from March 28, 2024. 3. Based on the feedback received from various stakeholders to increase the efficiency of optional T+0 settlement cycle and approval of the Board, it has been decided to enhance the scope of optional T+0 settlement cycle, with the following measures: 3.1. Increase in number of eligible scrips for trading under optional T+0 settlement cycle: 3.1.1. Optional T+0 settlement cycle shall....

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....pation by Custodians: The Stock Exchanges, Clearing Corporations and Depositories (collectively referred as Market Infrastructure Institutions (MIIs)); and Custodians shall put in place necessary systems and processes for seamless participation of institutional investors in optional T+0 settlement cycle. 3.5. Block Deal window in T+0 settlement cycle: 3.5.1. A mechanism for Block Deal window shall be put in place by the Stock Exchanges under the optional T+0 settlement cycle. The Block Deal window under the optional T+0 settlement cycle shall be available only for the morning session during 8:45 am to 9:00 am in addition to the existing Block Deal windows of 8:45 am to 9:00 am and 2:05 pm to 2:20 pm for T+1 settlement cycle. The trades in....