Sebi may ready a 2-speed track for trade settlement
A section of foreign investors is receptive to the faster settlement system, said one of the people quoted above, having interacted with them.
An optional settlement approach will give investors the flexibility to choose the system they want. One of the proposals being considered by Sebi is providing brokers that opt for the faster settlement process quicker delivery of shares or payments, said three of those cited above.
Mumbai: The Securities and Exchange Board of India (Sebi) may allow a two-speed trade-settlement system, following resistance to its proposal to shorten the cycle. The capital markets regulator might permit an optional T+1 — trade plus one day — settlement process, a move that will allow investors to decide whether they want to conclude the transaction at a faster pace or stick to the existing T+2 system, said four people with direct knowledge