T+0 settlement cycle in equity segment Flashcards
1
Q
Which trading organization has come up with a settlement cycle of T+0 ?
A
Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
2
Q
Is it a regularised version ?
A
Noo.. it is the Beta version
3
Q
What is T + 0 ?
A
Stock settlement on the same day (after the end of trading hours)
4
Q
What is the global standard of settlement ?
A
T + 2
However, in India it is T + 1 (settlement after 1 business day – 80% on same day, 20% next business day)