Stock brokers express concern over T+1 settlement proposal
Stock brokers say the implementation of T+1 settlement would increase working capital requirements for brokers and enhance the workload on the banks and depository participants
Stock brokers' association Anmi has said the T+1 settlement system should not be implemented without addressing many operational and technical challenges. Currently, trades on the Indian stock exchanges are settled in two working days after the transaction is done (T+2). The development comes amid reports that Sebi has constituted an expert panel to look into moving the settlement cycle in the securities market from T+2 to T+1 to enhance market liquidity.
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