T+1 News
The maximum intraday risk to the custodian banks issuing IPCs would be reckoned as Capital Market Exposure (CME) at 30 per cent of the settlement amount.
T+0 prices won't be taken into account in index calculation and determining settlement prices.
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.
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