Quote on SEBI`s plan one-hour trade settlement from A Balakrishnan, Geojit Financial Services
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Below the quote on SEBI's plan one-hour trade settlement from A Balakrishnan, Executive Director of Geojit Financial Services.
"We do not see any impediment in Sebi’s plan to implement one-hour settlement of trades first. It is highly implementable when Clearing Corporations and Depositories are ready with the systems. UPI’s success created confidence in near real time settlement.
Investors will get faster settlement and they will have faster cash in hand. It is like having an UPI where transactions are settled quickly. It will mark a significant leap in transparency and efficiency in the Indian stock market offering investors real time access to their assets which will further attract resident investors in our stock market."
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