Sebi may ready a 2-speed track for trade settlement
Synopsis
An optional settlement approach will give investors the flexibility to choose the system they want. One of the proposals being considered by Sebi is providing brokers that opt for the faster settlement process quicker delivery of shares or payments, said three of those cited above.
Mumbai: The Securities and Exchange Board of India (Sebi) may allow a two-speed trade-settlement system, following resistance to its proposal to shorten the cycle. The capital markets regulator might permit an optional T+1 — trade plus one day — settlement process, a move that will allow investors to decide whether they want to conclude the transaction at a faster pace or stick to the existing T+2 system, said four people with direct knowledge
To Read the Full Story, Become an ET Prime Member
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
Access the exclusive Economic Times stories, Editorial and Expert opinion
Why ?
Sharp Insight-rich, Indepth stories across 20+ sectors
Access the exclusive Economic Times stories, Editorial and Expert opinion
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise
