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Below the Comment on SEBI decision to launch Beta version of optional T+0 settlement by Shrey Jain, Founder & CEO, SAS Online – India`s deep discount broker

T+0 settlement would help in freeing up brokers own funds within the system thus reducing overall cost of doing business. Currently if a client sells shares the amount is credited in the trading account instantaneously. Client is free to trade with this capital or buy further delivery. On the exchange side this fund gets credited to the broker only after settlement on T+1.
With T+0 settlement the funds would be received by 4:30 pm thus freeing up brokers capital involved in the business.

The 204 th meeting of the SEBI Board was held in Mumbai.

The SEBI Board, inter-alia, approved the following: 1 Launch of Beta version of optional T+0 settlement Taking into account stakeholder feedback, the Board approved the launch of a Beta version of optional T+0 settlement, for a limited set of 25 scrips, and with a limited set of brokers. In parallel, SEBI shall continue to do further stakeholder consultation, including with the users of the Beta version. The Board shall review the progress at the end of three months and six months from the date of this implementation, and decide on further course of action.

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