India will become the first major economy to move to a T+1(trade plus one) market settlement cycle when it finally makes the transition on January 27. The Chinese market is currently partly T+1. With the move, all stock settlements will be done the next day, making financial transactions faster in the stock market.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Currently the market follows a T+2 settlement cycle, which means the investors receive shares or dividends as well as bonus shares in their accounts within two days after the transaction.
T refers to the trading day. Starting January 27 all large-cap and blue-chip companies will switch to the T+1 system. A T+1 cycle will mean that transfers will be completed the very next day and result in shorter waiting times as well as reduced liquidity risks for traders and investors.
The World Bank has approved the ₹4,000-crore loan for the Haryana's ambitious "Jal Sanrakshit Haryana"…
India set to host two day BRICS National Security Advisers (NSA) Meeting on 22nd and…
The Indian Air Force (IAF) has decided to acquire the nine retired SEPECAT Jaguar fighter…
India's teenage sensation and young prodigy Vaibhav Sooryavanshi smashed the fastest half century ever recorded…
The Indian women’s hockey team scripted the history after defeating the New Zealand 2-0 in…
The first budget of the newly elected BJP government in the State of West Bengal…