The National Stock Exchange of India (NSE) has postponed its plan to implement the T+0 rolling settlement cycle in the capital market segment, with a new date to be announced later. The T+0 system, introduced in March, allows for same-day trade settlements, providing an alternative to the T+1 cycle, which settles trades the next day.
The T+0 cycle gives faster capital release, more control to the clients, and better risk management. Still, the implementation of its full version has now been deferred until further notice. Indeed, the move to shorter settlement cycles has been gradual in India, moving from T+5 to T+1 over the last two decades.
Another update, NSE would do live trading from its disaster recovery site on September 30-October 1, and for that the exchange is planning to hold one mock trading session on September 28. Further, the exchange called upon its members to make necessary arrangements to participate in the contingency tests during sessions.
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Source: Moneycontrol
News Desk
