Team Blitz India
NEW DELHI: The Securities and Exchange Board of India (SEBI) has introduced the beta version of the T+0 rolling settlement cycle in equity cash markets, providing an optional basis for traders. According to Sebi, this move comes as a progressive step in the evolution of India’s securities market infrastructure, leveraging advancements in technology and risk management capabilities.
The introduction of the T+0 cycle follows the successful implementation of the T+1 settlement cycle phased in from January 27, 2023. This transition was made possible due to the enhanced technological capabilities and robust risk management frameworks of Market Infrastructure Institutions (MIIs), including stock exchanges, clearing corporations, and depositories.
Sebi communicated this decision to all recognized stock exchanges, clearing corporations, and depositories. The circular highlighted that the T+0 settlement cycle would be introduced on an optional basis alongside the existing T+1 settlement cycle.
