8 months ago

BSE Brings in Beta Version of T+0 Settlement from March 28: A 12-Point Guide for Investors

Mumbai, March 22, 2024: The Bombay Stock Exchange (BSE) is set to revolutionize the Indian stock market with the introduction of the beta version of T+0 settlement. This move aims to enhance liquidity and streamline trading processes. Here’s a comprehensive guide for investors:

1. What Is T+0 Settlement?

T+0 settlement refers to same-day settlement of trades.
Investors will receive funds or securities on the same day as the transaction.

2. Market Timing

Trading under T+0 settlement will occur continuously between 9:15 a.m. and 1:30 p.m..

3. Charges

All charges applicable for T+1 settled securities will also apply for T+0 settled securities.

4. Eligibility

T+0 settlement will be available for a limited set of 25 scrips and with a limited number of brokers.
This option complements the existing T+1 settlement cycle.

5. Scrip ID and Symbol

The Scrip ID for T+0 securities will be the same as that of the corresponding T+1 security, suffixed by the character “#” (e.g., HINDMOTORS#).

6. Group, Tick Size, and Market Lot

These parameters remain the same as corresponding T+1 securities.

7. Order Types

T+0 allows End of Day/Session, Immediate or Cancel (IOC), and Market & Limit Orders.

8. Order Matching

Anonymous order book with continuous matching based on Price – Time priority.

9. Price Band

Price band of +/- 1% (100 basis points) based on the close price of corresponding T+1 settled security.
Re-calibrated throughout trading hours after a +/- 0.5% (50 basis points) movement in the last traded price (LTP) of T+1 settled security.

10. Eligible Members and Client Types

All members eligible to trade in the equity segment.
Excludes clients settling through custodians.

11. Market Timings

Trading hours: 09:15 hrs to 13:30 hrs.
Client code modification window: Till 13:45 hrs.

12. Trading Sessions

One continuous session from 09:15 hrs to 13:30 hrs.
No pre-open/special pre-open/block/auction/post-close sessions.
No trading on the ex-date of any corporate action in the corresponding T+1 settled security.
No trading during the index rebalancing day of corresponding T+1 security.

The BSE’s proactive step toward T+0 settlement aims to enhance market efficiency and provide investors with faster access to funds and securities. Stay informed and adapt to this new era of real-time trading!

Disclaimer: This article provides an overview of the BSE’s T+0 settlement and does not constitute financial advice. Readers are encouraged to consult with financial professionals for personalized guidance.

Dragon's Dogma 2 - Sphinx Riddles And Solutions »

« Amazon Spring Sale Video Game Deals

Thiru Venkatam: Thiru Venkatam is a distinguished digital entrepreneur and online publishing expert with over a decade of experience in creating and managing successful websites. He holds a Bachelor's degree in English, Business Administration, Journalism from Annamalai University and is a certified member of Digital Publishers Association. The founder and owner of multiple reputable platforms - leverages his extensive expertise to deliver authoritative and trustworthy content across diverse industries such as technology, health, home décor, and veterinary news. His commitment to the principles of Expertise, Authoritativeness, and Trustworthiness (E-A-T) ensures that each website provides accurate, reliable, and high-quality information tailored to a global audience.