Settlement for the equity shares traded in all the Boards will occur on the third market day after the trade date (T+3).
The CDS will issue, on each market day, a settlement schedule, which will reflect the debits and credits that have been entered into the participant’s account and the net amount to be settled by each participant on a particular settlement date.
The buyer should ensure that ‘Cleared Funds’ are made available to the buying participant by 09:00 hours on the settlement date.
The participants should ensure that sufficient cleared funds are available in the settlement bank account by 09:30 hours on the settlement date to settle payments arising out of transactions carried out by such participant based on the settlement schedule issued by the CDS.
The inter-participant settlement of funds for Debt Securities traded on the CSE shall take place by 10:30 hours on the Settlement Date, through settlement bank(s) as per the Settlement Schedules issued by the CDS.