The shift will boost the operational efficiency as the rolling of funds and stocks will be faster Says Mr. Ajay Menon, Motilal Oswal Financial Services
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below is Perspective on T+1 settlement cycle by Mr. Ajay Menon, MD & CEO, Broking & Distribution, Motilal Oswal Financial Services Ltd.
With the shorter trade settlement cycle in the Indian equity market set to be implemented, we will be the the first country in the world to have a T+1 settlement cycle. It augurs well for the Indian equity markets from a liquidity perspective and it shows how well we have grown on the digital journey to ensure seamless settlements within 24 hours. This will also help the investor in reducing the overall capital requirements with the margins getting released on T+1 day and getting the funds in the bank account within 24 hours of sale of shares.
The shift will boost the operational efficiency as the rolling of funds and stocks will be faster.
Above views are of the author and not of the website kindly read disclaimer
More News
Mid Market Comment by Mr Shrey Jain Founder and CEO SAS Online - India`s Deep Discount Broker
