T+2 to be implemented from today, what are the changes in the settlement process?

Jan 24, 2021 10:21 AM Merolagani

The domestic stock market is adopting T+2 trading settlement days from today. It means the trading settlement should be completed within two days from the transaction date.

Now onwards, stock sellers are required to submit e-DIS for trade settlement by the next day. if the traders could not submit e-DIS, they are required to submit documented order slip in the central depository system (CDAS) and inform the concerned buyers.

Similarly, the sellers are required to file the buy amount to the concerned depository member within the next day.

 

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