Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel
July 26, 2001
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Contests | E-cards | Money | Movies | Romance | Search | Wedding | Women Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel |
||
|
|
||
|
Home >
Money > Business Headlines > Report July 26, 2001 |
Feedback
|
|
|
T+5 rolling settlement to continue: SebiBS Markets Bureau The Securities and Exchange Board of India on Wednesday reiterated that rolling settlement will continue at its current T+5 basis and the regulator will consider a shorter duration only at a later date. In a circular sent to the stock exchanges, Sebi stated that the sub-group of the group on risk management in the equity markets had considered the issue of rolling settlement of a shorter duration and it felt that, to begin with, the stock exchanges should introduce rolling settlement only on a T+5 basis. According to market sources, the exchanges have been pressing for a shorter duration of settlement in the daily trading mechanism so that transactions get settled equally fast, leading to immediate release of funds as well as securities. However, it is not an easy task for the authorities to implement a shorter system simply because banks are not equipped with electronic clearing facilities, sources said. Powered by YOU MAY ALSO WANT TO READ:
|
||||
