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Why in News:
- SEBI has proposed a T+0 settlement cycle for clearing and settlement of funds and securities.
Key Points:
- Same-Day Settlement: T+0 allows for settlement on the same day (T+0).
- Optional Basis: T+0 and instant settlement will be optional, in addition to the existing T+1 cycle.
- Historical Changes: SEBI shortened settlement from T+5 to T+3 in 2002, then to T+2 in 2003.
- Scope: Initially available for the top 500 listed equities based on market capitalization.
- Benefits for Clients: Faster payouts of funds and securities.
- Market Impact: Enhances flexibility and efficiency in the securities market.
