NSE defers T+0 rolling settlement cycle until further notice

Sep 27, 2024

Synopsis
In the T+0 settlement cycle, trades are settled on the same day they occur which means that the transfer of shares to the buyer's account and funds deposited in the seller's account happen on the same day of the trade.

The National Stock Exchange (NSE) on Friday deferred the implementation of same-day transaction settlement or T+0 rolling settlement cycle in the capital market segment. The new date will be announced by the exchange via a separate circular.

“Trading in T+0 rolling settlement cycle in Capital Market segment Go LIVE deferred This is in reference to Exchange circular NSE/CMTR/63154 dated July 31, 2024 regarding trading in T+0 rolling settlement in capital market,” NSE said in a circular on September 27.

In the T+0 settlement cycle, trades are settled on the same day they occur which means that the transfer of shares to the buyer's account and funds deposited in the seller's account happen on the same day of the trade.

NSE had introduced a Beta version of T+0 rolling settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash markets with effect from March 28, 2024.

There are 25 securities which are eligible for trade in the T+0 rolling settlement cycle. They include Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda (BoB), Bharat Petroleum Corporation (BPCL), Nestle India, NMDC, Oil & Natural Gas Corporation (ONGC), State Bank of India (SBI) and Tata Communications, among other.

In a separate circular, the exchange also announced that it will conduct mock trading sessions for the capital market segment and futures and options (F&O) segment from its disaster recovery site on September 28. The exchange will conduct live trading from the disaster recovery site from September 30 to October 1 as per normal market timings.

[The Economic Times]