Overview

In order to facilitate the settlement of funds for trades carried out by the Participants through the CSE (inter-Participant settlement), the CDS has appointed commercial banks, licensed under the Banking Act No. 30 of 1988 (as amended), to function as the settlement bank.

A Participant shall open only one account with any one of such settlement banks for the purpose of facilitating the inter-participant settlement of funds For trades executed for equity shares, Security and the fund settlement happens on the second market day after the trade date (T+2) for normal & crossing board transactions and the day after the trade date (T+1) for Buy-In board transactions.