SEBI chairman Ajay Tyagi has actually said that T +1 settlement cycle will protect investors' interestsSecurities and Exchange Board of India (SEBI) chief Ajay Tyagi has stated that the choice to implement the trade plus one (T +1) settlement cycle in a phased manner beginning February 2022 will go a long method in protecting financiers' interest.Apart from this, the markets regulator has taken a number of regulative steps in the current past towards financier defense, he said at a function at the India International Trade Fair.These steps consisted of intro of upfront margin framework, risk-o-meter, e-KYC and security of customer collateral through pledge-repledge mechanism, Mr Tyagi added.
The choice to carry out T +1 (trade plus one) settlement in a phased manner beginning February 2022 will go a long method in safeguarding financiers' interest, he said.T +1 means that market trade-related settlements will need to be cleared within one day of the real transactions occurring.
Currently, trades on the Indian stock market are settled in 2 working days after the deal is done (T +2).
The stock market - NSE and BSE - earlier this month revealed that they will implement the T +1 settlement cycle in a phased manner beginning February 25, with the bottom 100 stocks in regards to market value.Thereafter, 500 stocks will be added based on the exact same market price criteria from the last Friday of March and so on every following month.The statement followed SEBI in September allowed stock market to introduce T +1 settlement cycle from January 1, 2022 on any of the securities available in the equity segment.
Music
Trailers
DailyVideos
India
Pakistan
Afghanistan
Bangladesh
Srilanka
Nepal
Thailand
StockMarket
Business
Technology
Startup
Trending Videos
Coupons
Football
Search
Download App in Playstore
Download App
Best Collections