India – SEBI T+1 Rolling Settlement Basis

India – SEBI T+1 Rolling Settlement Basis

On 25 November 2021, IND NSE issued settlement parameters and reports structure.

  • Securities under T+1 settlement shall be cleared and settled with settlement type and number distinct from settlement type and number for securities with T+2 settlement.
  • Settlement number for T+1 settlement shall be distinct from T+2 settlement; actual settlement calendar shall be available as part of the circular issued on monthly basis.
  • Revised format for existing report is provided in annexure I; there shall be additional column for settlement flag indicating applicable settlement cycle for a security.
  • Separate reports shall be provided with settlement type and number for securities settling on T+1 basis as per annexure II; no changes in file format for these reports.