T+1 Settlement News
T+1 means that market trade-related settlements will need to be cleared within one day of the actual transactions taking place.
NSE and BSE had said that they will implement the T+1 settlement cycle in a phased manner.
T+1 settlement will begin with the bottom-100 stocks in terms of market value.
The SEBI had cut short the settlement cycle from T+3 days to T+2 days in 2003.
The new settlement cycle will be implemented in a phased manner.
In the initial phase, trading in the bottom 100 stocks in terms of the market cap will be settled in T+1 days.
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