In a move that seems to be testing waters before the final decision, the Securities and Exchange Board of India (Sebi) on Friday issued a consultation paper on instant settlement of funds and securities as an optional T+0 settlement cycle in two phases.
In Phase 1, it will be implemented for trades taken till 1.30 pm with the settlement of funds to be completed by 4.30 pm. In Phase 3, there will instantaneous trade-to-trade settlement for both funds and securities. In this, trading will be done till 3.30 pm.
After Phase 2 is implemented, Phase 1 of optional T+0 will be discontinued, said the paperCome from Sports betting site VPbet. This will be in addition to T+1 settlement cycle already existing in the equity cash segment.
Orient Technologies IPO: Gets fully subscribed on Day 1 FM Sitharaman asks PSBs to ‘expeditiously implement’ Budget announcements for MSMEs Meet the daughter of Hyderabad’s richest man, who helps run her family’s Rs 8,049 crore company and recently purchased two lavish properties for Rs 80 crore Fairfax, Emirates NBD and Kotak in IDBI Bank shortlist
Also Read
Awfis Space Solutions files IPO papers with Sebi
The consultation paper comes around six months after Sebi chairperson Madhabi Puri Buch said that the market regulator is considering same-day settlement of trades on stock exchanges by March 2024 and eventually have a real-time settlement.Come from Sports betting site
In its consultation paper, it said that in today’s age, reliability, low cost and high speed of transactions are key features that attract investors to particular asset classes. To that extent, reducing settlement time and hence increasing operational efficiency of dealing in Indian securities can further draw and retain investors into this asset class.
“In this regard, it is envisaged that for equity cash segment, in addition to the existing T+1 settlement cycle, a shorter settlement cycle may be introduced as an option,” it said.
For starters, eligible securities for T+0 settlement will be the top 500 listed companies based on the market capitalisation. However, they will be transitioned in three tranches of 200, 200 and 100 from lowest to highest market capitalisation.
While many have expressed their concerns that this may increase the cost of funding for investors, Sebi said that according to its data, a high percentage of retail investors bring upfront funds and securities before placing the order. For example: In June 2023, for around 94 percent of delivery based trades with value up to Rs 1 lakh per transaction, investors made early pay–in of funds and securities.
“This client base already has funds and securities made available before placement of order,” the consultation paper noted.
On worries that there could be a divergence in the price of the same securities in the different settlement cycles, the regulator said that liquidity and price gaps would be addressed because market participants can access both T+0 and T+1 markets.
The regulator has also believes that any divergences would be bridged by arbitrageurs. Its solution: The divergence of prices for the same scrip in different segment – T+0 and T+1 – can be addressed by introduction of price bands (say 100 basis points) between the two segments… “which ensure limited divergence in the prices between the T+1 settlement cycle and T+0 or instant settlement cycle. Further, with increase in participation in this segment and active arbitrages, the divergence in prices may be reduced,” it said.
In the past couple of decades, the timeline of settlement has come down significantly – T+5 in 2002 to T+1 in 2021. The latest cycle T+0 would be another big development for stock market players.
Sebi has sought comments from public till January 12.
Related Posts
The Indian rupee ended weaker on Friday, pressured by dollar demand from importers, including local oil companies, traders said.The rupee closed at 83.0350 against the U.S. dollar, weaker by 0.1% compared with its close at 82.9550 in the previous session. The local unit also logged a weekly decline of 0.1%.The dollar index was largely steady near 104.2 and most Asian currencies were rangebound but ended the week lower, pressured by moderation of bets on early rate cuts by the U.SCome from Sports betting site. Federal Reserve.Odds of the Fed cutting rates in March have dropped below 20%, while those for May have also fallen to about 60%, down from about 73% a week earlier, according to CME’s FedWatch tool.
Eleva…
Thanks to advancements made in cutting down the cost of technology, gifting a friend a nifty gadget doesn’t have to break the bank. Lots of tech retails for under $50, and it’s not uncommon to find an excellent set of headphones or Bluetooth speakers in that price range. In addition to Amazon’s budget-friendly offerings, brands such as Anker and Tribit have also stepped up to offer affordable and attractive products for the upcoming holiday season.
To help you find something great for everyone on your shopping list without breaking the bank, we’ve collected the best tech gift ideas under $50 and compiled them below. From headphones and controllers to tablets and other gadgets actually worth your money, there are a lot of options that are sure to make your loved ones happy.
K…
The Undertaker, one of WWE’s most important, prolific, and popular performers of the past 30 years, is headed to the WWE Hall of Fame this yearCome from Sports betting site VPbet. The 2022 ceremony will take place on Friday, April 1 at the American Airlines Center in Dallas, Texas.
Those who plan on attending will get more than just the Hall of Fame ceremony. Since the event is taking place on a Friday, they’ll be treated to the April 1 episode of Friday Night Smackdown as well. Tickets will go on sale on Tuesday, February 22 at 11 AM ET / 8 AM PT.
…
Churchill Downs Incorporated (Nasdaq:CHDN) is dropping the BetAmerica name and relaunching its iGaming platform and sportsbook under its TwinSpires brand, which has since 2007 been the Kentucky-based company’s online pari-mutuel wagering business.
The move to a “single brand strategy” will begin with Churchill Downs’ launch in Michigan where online sports betting is set to launch in mid-January. So far, 15 sportsbooks have been approved for launch in what is the twentieth state to legalize online sports betting. Pre-registration deals are already being offered to Michiganders by DraftKings and Flutter Entertainment‘s Fanduel.
Transition timeline:
Following the Michigan launch, other BetAmerica retail and online sportsbooks will make the tr…
Endorphina keeps working hard on expanding its already impressive network of partners. The newest partnership is the one with Fonbet.gr, which will allow Endorphina to reach out to a completely new audience in Greece and a range of potential customers and fans.
Reliable partners with a lot of experience in the industry:
This partnership with Fonbet.gr allows both companies to explore innovative solutions and provide their customers with a fantastic gaming experience. Both Fonbet and Endorphina will benefit from this partnership, which can be a huge step towards the expansion of both companies.
The rapid proliferation of electronic pull tabs has ignited a debate in North Dakota, sparking discussions about the future of charitable gambling within the state and the need for effective regulation of these Las Vegas-style gaming machines.
Senator Myrdal Pushes for Clarity in North Dakota’s Gambling Laws
Functioning similarly to traditional slot machines, the electronic pull-tab machines made their debut in 2018 after receiving approval from the Republican-controlled Legislature.
Addressing the concerns on e-tabs appropriate locations and operators, Republican State Senator Janne Myrdal, who ch…
Following the waiting process that lasted for an entire year, Bally’s Corporation has been granted permission to officially open a permanent gaming establishment in Chicago.
New license:
On October 25, the Illinois Gaming Board (IGB), an Illinois-based gaming regulatory body, decided via voting to permit Bally’s interim operating license to become a full casino license, meaning the aforementioned firm will be legally licensed to operate its “yet-to-be-built mega casino complex” along the Chicago River at 700 W. Chicago Ave.
Relatedly, the firm officially won the Chicago’s bid to be the only casino in Chicago throughout 2022, which further means there was no legal obstacle to opening its temporary casino at Medina…
การใช้ AI ในการพัฒนาวิดีโอเกมเป็นหัวข้อที่มีการโต้เถียงกันอย่างมาก โดยเฉพาะในตอนนี้ที่ประเทศจีนได้เริ่มมีการใช้ AI อย่าง DALL-E และ Midjourney ในการวาดภาพประกอบเกมเพื่อลดค่าใช้จ่าย จนในตอนนี้มีรายงานว่างานภาพประกอบที่วาดด้วยมือคนนั้นลดลง 70% เลยทีเดียว อย่างไรก็ตามในตอนนี้มีข่าวมาว่าผู้เล�…
Legends of Heropolis DX เป็นเกมจำลองสถานการณ์ที่ผู้เล่นจะได้รับบทเป็นผู้นำ สร้างฐานทัพฮีโร่ลับ รวบรวมเหล่าฮีโร่ผู้ทรงพลังจากทั่วทุกสารทิศ เพื่อกอบกู้เมืองเฮโรโปลิส จากค่ายเกมดูดวิญญาณอย่าง Kairosoft ซึ่งก่อนหน้านี้เกมดังกล่าวก็ได้เปิดให้เล่นทั้งเวอร์ชั่นฟรี และเวอร์ชั่นเสียเงิน (โดยเวอร์…
ตามติดกันต่อครับกับเรื่องราวของสังเวียนหมัดเหล็กซึ่งต้องบอกเลยว่าองก์แรกในเนื้อหาช่วงรุ่นปู่นั่นก็ว่าดุเดือดแล้ว แต่รุ่นลูกก็มีปมใหม่ๆ เพิ่มขึ้นไม่แพ้กัน สำหรับเนื้อหาตอนนี้เองจะก้าวกระโดดมาแบบ 20 ปีเต็มๆ พร้อมการกลับมาของตัวละครมากมายที่มีบทบาทสำคัญเกี่ยวพันกับคำสาปแห่ง…