Summary of Settlement schedule for the rolling settlement
(custodial, only demat securities)
|
Sr. No.
|
Day
|
Description
|
|
1 |
T |
Trade Day |
|
2 |
T+1
10.30 a.m. |
Custodial
Confirmation. |
|
3 |
T+ 2
11.30 a.m. |
Securities and
Funds pay-in
|
|
4 |
T+2 |
Securities and Funds
pay-out |
|
5 |
T+3
|
Auction for shortages |
|
6 |
T+4
|
Auction pay-in and
pay-out |
Working days do not include Saturdays, Sundays and any other holidays
Co-ordination between the Clearing House, Depository and Clearing Banks
Schematic Flow
Securities are paid-in by the Delivering Member to the clearing house / Depository on
morning of T+2.
Funds are paid-in to the clearing bank by the Receiving Member
on morning of T+2.
The pay-out for both funds and securities takes place
evening of T+2.
Auction Settlement
In a typical settlement cycle, auctions are usually held on T+3. The auction pay-in for both funds and securities is
on T+4.
