In which year did Indian stock exchanges move from a T+3 to a T+2 rolling settlement cycle for equities?
Question and options
In which year did Indian stock exchanges move from a T+3 to a T+2 rolling settlement cycle for equities?
2001
2002
2003
2023
Answer and explanation
Correct answer: C - 2003
SEBI introduced T+2 rolling settlement in the equity market from 1 April 2003, shortening the T+3 cycle that had applied since 1 April 2002. Rolling settlement on T+5 had been extended to all securities by the end of 2001, and the market moved fully to T+1 on 27 January 2023.
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