Comment on SEBI to start T+0 trade settlement on optional basis by March 28 by Shrey Jain, Founder & CEO, SAS Online

11-03-2024 04:44 PM | Source: PR Agency

Comment on SEBI to start T+0 trade settlement on optional basis by March 28 by Shrey Jain, Founder & CEO, SAS Online - a deep discount stock broker

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Below the Comment on SEBI to start T+0 trade settlement on optional basis by March 28 by Shrey Jain, Founder & CEO, SAS Online - a deep discount stock 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

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Comment on SEBI to start T+0 trade settlement on optional basis by March 28 by Shrey Jain, Founder & CEO, SAS Online - a deep discount stock broker

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