T+0 settlement cycle will be available along with the current T+1 cycle. It is optional. Prices of stocks trading under T+0 will not be considered in index calculation and settlement price computation.
MUMBAI - Stock exchanges will introduce the much-awaited ‘T+0’ trade settlement in 25 from Thursday. This settlement cycle will be optional and available alongside the current T+1 cycle.Below is the list of stocks where same-day trade settlement will be introduced by the exchanges.
Further, prices of stocks trading under T+0 will not be considered in index calculation and settlement price computation. There will be no separate close price for securities based on trading in the T+0 segment.
Prices in the T+0 segment will operate with a band of +100 basis points from the price in the regular T+1 market. This band will be re-calibrated after every 50-basis point movement in the underlying T+1 market.
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Source: Stocks-Markets-Economic Times