Sebi may introduce T+3 settlement cycle
Mumbai: The Securities and Exchange Board of India (Sebi) is set to shorten the settlement cycle by two days. The compulsory rolling settlement in all listed scrips on all exchanges is likely to be conducted on T+3 basis with effect from April 1 next year. Sebi introduced compulsory rolling settlement on a T+5 basis for 414 scrips from July 2, 2001, on all exchanges.

At that time, it had said that the remaining listed scrips will be traded on T+5 compulsory rolling settlement on all exchanges from January 02, 2002. Sebi now wants the bourses to shift to T+3 settlement cycle in one step.

In effect, the delivery of shares will take place on the fourth day from the day of trading instead of sixth day as has been the current practice.
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