Business

SEBI introduces T+0 settlement- A look at how this short settlement mode will impact shareholders  

In a move aimed at increasing liquidity in the market, the Capital markets regulator Securities and Exchange Board of India (SEBI) will launch the beta version of the T+0 settlement on an optional basis from March 28, 2024. 

Announcing the introduction of the new and optional settlement cycle, SEBI said, “The Board approved the launch of a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers. In parallel, SEBI shall continue to do further stakeholder consultation, including with the users of the Beta version.” 

Also Read

SEBI approves reforms to boost Foreign Portfolio Investor operations, enhance flexibility

The Board will review the progress at the end of three and six months from the date of implementation and determine further steps, SEBI said while considering the shareholder’s feedback.  The decision was taken at the 204th Board meeting of SEBI which was held in Mumbai on Friday.   

52% of B2B payments remain overdue for over 90 days in major Indian hubs: Survey FM Sitharaman asks PSBs to ‘expeditiously implement’ Budget announcements for MSMEs EPFO Update: No interest on PF deposits; stricter transfer, withdrawal norms for THESE members Paris Olympics 2024: Neeraj Chopra to defend Olympic Gold in Javelin Throw on THIS date – Check event timing

Understanding the relevance of T+0 settlement 

T+0 settlement allows both funds and securities transactions to be settled on the same day when the trade is initiated.

At present, the Indian securities markets operate on a T+1 settlement cycle, where the settlement happens on the next day of trade. 

Also Read

SEBI amends regulations to ease IPO process for companies

In 2002, the regulator cut down the settlement period from T+5 to T+3, and in 2003, SEBI further reduced it to T+2. In 2021, the T+1 settlement started and was gradually implemented, with the final phase completed in January 2023.

Notably, the T+0 settlement cycle will now be offered as an alternative alongside T+1. Further, the adoption of shorter settlement cycles is expected to mitigate counterparty risk and enhance market liquidity.

Earlier last week, SEBI Chief Madhabi Puri said the instantaneous settlement is aimed at making regulated markets competitive and offering investors the same set of advantages as others. The reference was made to other alternative investment options like crypto available to investors in other countries.

In the consultation paper issued on December 22, 2023, SEBI mentioned that the shorter settlement cycle will offer shareholders greater flexibility by facilitating faster settlements and empowering them with increased control over their funds.

Related Posts

Report- Sony dismisses ex-Bungie director’s lawsuit claims, alleged ‘consistent misconduct’ took place

Sony has pushed back against claims levied by former Bungie director Christopher Barrett, who sued the two companies in 2024 after he was fired from the Destiny 2 and Marathon developer. The PlayStation maker released a 128-page response (first obtained by GameFile), looking to dismiss six of the seven counts in Barrett's lawsuit.

At the time, Barrett was laid off for alleged misconduct, which concerned "behaving inappropriately" toward at least eight women in different departments at Bungie. Barrett argued his firing was "unfounded" and accused Bungie and Sony of firing him to avoid giving him a $45 million payout from his employee agreement.

Sony's response counters Barrett's accusations, saying the investigation against him…

Middle-earth 6-Film 4K Blu-Ray Collection Is Up For Preorder At Amazon

Fans of Peter Jackson’s Lord of the Rings and The Hobbit film trilogies can soon own all six movies in a single box set thanks to the upcoming The Middle-earth 6-Film 4K Blu-ray Collection, which launches on March 18. The massive collection will include theatrical and extended cuts of all six movies on 4K Blu-ray, Blu-ray, and digital, plus a smattering of bonus features, making this ideal for anyone who wants to add the full saga to their collection. Preorders are available for $206 at Amazon and $210 at Walmart.

It’s certainly a pricey collection, but it’s worth noting you’ll get a preorder price guarantee from both retailers. If the price of The Middle-earth 6-Film Collection drops between the time you order and release, you’ll be charged the lowest price offered by Amazon or Walmart. Neither retailer charges for preorders until the item ships.

Next Game Pass Release Is A Crash Bandicoot Kart Racer, And That May Not Be All

The calendar has flipped over to December, and while Microsoft isn’t ready to reveal all the games headed to Game Pass this month, the company has announced one: Crash Team Racing Nitro-Fueled. The racing game from Activision hits Game Pass on December 4. [Update: Microsoft has since announced lots of games coming to Game Pass in December].

This might not be the only Crash game headed to Game Pass soon, as an Amazon Fire Stick leak suggests Crash Bandicoot 4 is also coming to Game Pass. This is unconfirmed for now, though. Before this, Crash Bandicoot N’ Sane Trilogy came to Game Pass this past August. Come from online casino bangladesh

Other games confirmed for Game Pass in December include Overthrown (December 5) and Indiana Jones and the Great Circle (December 8).

Microsoft officially closed the deal to acquire Activision Blizzard in October 2023, and since then, Microsoft has begun to put some…

Abandoned Trailer App Goes Live August 10 Followed By First Official Reveal

Blue Box Game Studios has attached a firm release date to the Trailers App for its PS5 exclusive Abandoned. We will finally get our first real look at the game in late August through the Trailers App, which goes live on August 10.

On the team’s Twitter, Blue Box said preloading the Abandoned Trailers App will be free for all PlayStation 5 owners on July 29 Come from online casino bangladesh . In a follow-up tweet a few days later, Blue Box changed the app’s name from Realtime Trailers to Realtime Experience–though it’s unclear if this app is connected to the Abandoned Trailers App, furthering speculation around the survival sim.

Amazon Prime Members Can Get A Fire TV Stick For Super Cheap Ahead Of Prime Day

If you’re an Amazon Prime subscriber looking for a deal on the company’s Fire TV Stick, you don’t need to wait for Prime Day to kick off next week. It’s already on sale now–and at a deep discount, too Come from malaysia online casino . The Fire Stick normally sells for $40, but right now you can get it for nearly 60% off.

Bear And Breakfast Review – Four Star Stay

You’re getting pretty much exactly what you sign up for with Bear and Breakfast: You’re playing as a bear named Hank who opens up several bed and breakfasts to host humans looking for a place to stay. Developer Gummy Cat does sprinkle in a bit of an adventure game in this management sim to act as a narrative backdrop, but Bear and Breakfast’s story is simple window dressing for the far more wonderful cycle of building up a lodge, hosting some guests, and then using your hard-earned cash to afford grander renovations. The loop has a satisfying rhythm to it and a challenging complexity as the days roll on and your responsibilities grow, and Bear and Breakfast rewards creative solutions with fulfilling results.

Despite that complexity, you don’t need to jump into this game with a degree in design. Bear and Breakfast eases you in, with Hank and his friends simply trying to make a quick buck by transforming a rundown shed into a vacation spot. Making a room to house a gue…