The National Stock Exchange (NSE) has postponed the implementation of the T+0 rolling settlement cycle for the capital market segment. In a circular released on Friday, the NSE stated that the “Go LIVE” for the T+0 settlement cycle, previously announced on July 31, 2024, has been deferred. A new date will be communicated later.
NSE further clarified that the T+0 settlement cycle has been postponed until further notice. A revised timeline will be shared via a separate circular.
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Under the T+0 system, transactions are settled on the same day they are executed. This means shares would be transferred to the buyer’s account and funds credited to the seller’s account on the day of the trade itself.
In a related move, the Securities and Exchange Board of India (SEBI) has reduced the number of reporting formats from over 200 to 23 by introducing unified file formats adhering to International Organization for Standardization (ISO) standards.
SEBI expects this simplification to cut operational expenses and save around 2 billion rupees over the next five years. The new standardized reporting format improves the ease of doing business and operational efficiency for market participants, reducing the complexity of daily reporting.
