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, settlement of securities happens on the trade date and the fund settlement happens on the third market day after the trade date (T+3).
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Media Room
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Way Forward: Future Developments of the CDS Wednesday June 15, 2016
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CDS Launches e-Connect Facility Thursday August 4, 2016
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Decentralization of CDS Account Openings Tuesday February 4, 2020
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CDS Signs MoU with CSDC Thursday November 15, 2018
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CDS Celebrates 25 Years Friday September 2, 2016
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CDS bolsters corporate action services portfolio with DCSL and Melsta Wednesday January 2, 2019