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Informist, Tuesday, Dec. 10, 2024

 

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--SEBI: Optional T+0 settlement extended to top 500 shares 
--SEBI: All brokers allowed to take part in optional T+0 settlement 
--SEBI: Brokers can charge differential brokerage for T+0, T+1 settlements 
--SEBI: Optional T+0 settlement extended to top 500 m-cap firms as on Dec 31 
--SEBI: Existing 25 scrips to continue to have optional T+0 settlement 
--SEBI: Brokers who meet norms have 3 mos to offer optional T+0 settlement 
--SEBI: Exchanges to offer morning block deal window for optional T+0 trades 
--SEBI: Bourses, clearing cos, depositories to facilitate optional T+0 trade 
--SEBI: Mkt institutions to provide fortnightly report on optional T+0 trade 
--SEBI: Optional T+0 trade expanded list of shares to take effect Jan 31 
--SEBI: Morning block deal window for optional T+0 trade from May 1 

 

MUMBAI – The Securities and Exchange Board of India Tuesday said the optional T+0 settlement cycle will be available for another top 500 stocks on the basis of market capitalisation as of Dec. 31. The new stocks will be eligible for the optional T+0 settlement cycle from Jan. 31.

 

Twenty-five stocks are already available for trading and settlement under the beta version of the optional T+0 settlement cycle. The market regulator had introduced the beta version of the T+0 rolling settlement cycle on Mar. 21 on an optional basis.

 

Initially, the bottom 100 stocks out of the 500 stocks will be available for same day settlement, followed by the next 100 stocks every month, SEBI said. The regulator has allowed all the stockbrokers to participate in the optional T+0 settlement cycle from Jan. 31 and further permitted them to charge differential brokerage for T+0 and T+1 settlement cycles, but within the regulatory limit. New qualified stockbrokers are required to have the necessary systems and processes for the same-day settlement cycle within three months from the date the list of qualified brokers gets updated, SEBI said.

 

Besides qualified stockbrokers, entities such as stock exchanges, clearing corporations, and depositories are also directed to have the necessary systems and processes for institutional investors for this settlement cycle from May 1. The market regulator said a separate block deal window under the optional T+0 settlement cycle will be available in the morning session from 0845 IST to 0900 IST from May 1. The existing windows for such deal are 0845 IST to 0900 IST and 1405 IST to 1420 IST for T+1 settlement cycle. Market infrastructure institutions will provide a fortnightly report on the activities under the optional T+0 settlement cycle till further direction, SEBI said.  End

 

Reported by Aman Aryan

Edited by Ashish Shirke

 

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