Many people are still confused about the T+2 concept adopted in Indian Share Market for trade settlements.
Here is the precised explanation with example.
In rolling settlement, the trades of each day are settled after 2-3 days.
This is also known as T+2 rolling settlement system where trades outstanding at the end of the day are to be settled within 2 business/working days from transaction.
For example: If transactions are entered into on Monday, their pay in and pay out takes place on wednesday.
But such transaction should be reflected in the DP within 24 hours/at the end of the transaction day
Here is the precised explanation with example.
In rolling settlement, the trades of each day are settled after 2-3 days.
This is also known as T+2 rolling settlement system where trades outstanding at the end of the day are to be settled within 2 business/working days from transaction.
For example: If transactions are entered into on Monday, their pay in and pay out takes place on wednesday.
But such transaction should be reflected in the DP within 24 hours/at the end of the transaction day
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