BSE) has declared to introduce a beta version of the T+0 settlement. The BSE said in a notice on Friday that it will introduce the beta version of the T+0 settlement on 28th March 2024 i.e. on Thursday next week.
The BSE said that after the introduction of the beta version of T+0 settlement, all the charges/fees like Transaction Charges, STT, and Regulatory/Turnover Fees that are applicable for T+1 settled security will be applicable for T+0 settled security. "Trading Members are requested to refer to SEBI Circular no. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/20 dated March 21, 2024 Introduction of the Beta version of T+0 rolling settlement cycle on an optional basis in addition to the existing T+1 settlement cycle in Equity Cash Markets.
In view of the same, Trading members are requested to note that the Exchange shall introduce trading in securities under the T+0 settlement mechanism with effect from Thursday, March 28, 2024," the BSE notice said. However, T+0 prices shall not be considered in the Index calculation. T+0 cycle means settlement on the same date.
Read more on livemint.com