BSE defers optional T+0 rolling settlement for FPI clients
This story was originally published at 12:48 IST on 28 September 2024
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MUMBAI – BSE Ltd has deferred the implementation of the optional T+0 rolling settlement cycle for orders with the custodial participant code in the capital market segment until further notice, the exchange said in a circular Friday. As per a circular by BSE in July, this was set to come into effect from Monday.
On Friday, the National Stock Exchange of India Ltd had also deferred the implementation of the T+1 rolling settlement cycle.
The custodian participant code is a unique code allotted to a custodian or clearing member for a particular constituent like foreign portfolio investors. Currently, the BSE follows a T+1 rolling settlement cycle for all trades, with an optional T+0 rolling settlement for retail investors. In March, both the exchanges launched a beta version of T+0 rolling settlement for clients of select brokers and 25 stocks. The clients of these brokers who do not settle through custodians and which pre-dominantly comprise foreign portfolio investors were excluded at that time. End
Reported by Anjali Singh
Edited by Tanima Banerjee
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