INSTANTANEOUS SETTLEMENT
Sebi recognised for innovative regulatory practices by The Asian Banker
Sebi has been given 'Best Conduct of Business Regulator' award in Asia Pacific by The Asian Banker for its role in enhancing the regulatory framework for securities markets in India. The award was received by Sebi's Whole Time Member Kamlesh Chandra Varshney in a ceremony held in Hong Kong.
The rise of Finternet: an interconnected network of financial ecosystems
A new model proposed by Nandan Nilekani and Agustín Carstens envisages multiple financial ecosystems interconnected with each other. Multiple financial ecosystems interconnected with each other is called Finternet, the building blocks of which combine technological advances with sound governance. The framework proposes using technologies such as tokenisation and unified ledgers.
T+0 trade cycle to begin Thursday: Will this transition be smooth or rough for D-Street?
Stock exchanges set to introduce 'T+0' settlement for select stocks, parallel to T+1. SEBI to monitor progress. Vamsi Krishna lauds benefits while concerns about market volatility persist. Transition from T+1 required infrastructure changes. Cash market volumes may decline.
‘T+0’ trade settlement in India to soon be a reality; all you need to know about it
Last week, the Securities and Exchange Board of India said that the beta version of optional T+0 settlement will be launched for a limited set of 25 stocks, and with a limited set of brokers.
Sebi board meet on Friday: Who all are likely to get some goodies from chief Buch?
Sebi chief Madhabi Puri Buch recently said that it will begin the T+0 trade cycle settlement on an optional basis by March 28. The regulator is also expected to lay down the broad policies for the same.
Sebi to start T+0 trade settlement on optional basis by March 28: Chairperson Buch
Sebi had proposed to implement instantaneous settlement of trades of T+0 in two phases. In phase 1, the regulator will begin with implementing an optional T+0 settlement cycle (for trades till 1:30 PM), with the settlement of funds and securities to be completed on the same day by 4:30 PM.
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Sebi proposes implementation of instant trade settlement in 2 phases, seeks comments
In phase 1, the regulator has proposed an optional T+0 settlement cycle (for trades till 1:30 pm), with settlement of funds and securities to be completed on the same day by 4:30 pm.
Sebi proposes option of T+0, instantaneous settlement for equity cash segment
Sebi said an instant settlement mechanism enables instant receipt of funds and securities and eliminates the risk of settlement shortages, since both funds and securities will be required to be available before placing the order.
G-sec inclusion in global indices to boost corporate bond market: Sebi chief Buch
Speaking at the industry body CII’s Global Economic Policy Forum event in the capital, Buch said: “This is hugely important for us as a country, not only because it will help the government raise resources, but once the Indian yield curve is established globally, on the back of that, the corporate bond market can also get a lot of traction, and a lot of interest from foreign investors.”
India to move to T+0 for market settlement before FY24-end: Sebi chief
Currently trades in India are settled in "T+1" or one day after the trades are initiated. T+0 would mean settlements in the same day and instant settlement would ensure trades are settled immediately.
India looks to move to T+0 settlement by March; what does this mean for investors?
Trade settlement is the process of transferring securities and funds between buyers and sellers after a trade is executed. The shorter the settlement cycle, the faster investors can access the securities and funds.
Amid IPO fever, Sebi chief says will look into high valuations of public offers
Addressing the media after a board meeting that finalised key decisions, Buch said in the wake of the high pricing of IPOs, retail investors will be better off investing after the dust settles down post-debut in the secondary market.
Sebi OKs fractional ownership framework for realty assets
Sebi had proposed to allow companies to delist by coming out with a fixed price for the repurchase of shares, instead of the existing reverse book-building mechanism where they decide on the price based on the sell orders submitted by shareholders.
Instant trade settlement: How will it impact day traders?
Now, as the full implementation of T+1 settlement across all scrips is rolled out wholly by October 1, 2023, the SEBI Chairperson has communicated about an intended move towards real-time settlement. In her press briefing in the month of July earlier this year, she mentioned that “One of the things that we think is not very far off is an instantaneous settlement on the stock exchanges.
Sebi to introduce one-hour trade settlements soon
"India is the first jurisdiction in the globe that has moved to T+1 settlement (trade plus one day). We are now talking about one-hour settlement and that will be a stepping-stone to instantaneous settlement. And this will be in a reasonably short period of time," said Buch at the Global Fintech Fest.
SEBI exploring instantaneous settlement of trades at bourses: Madhabi Puri Buch
Recently, the market regulator had introduced an ASBA-like or Application Supported by Blocked Amount facility for secondary market transactions with an aim to safeguard investors’ money from misuse by stock brokers.
JPMorgan starts real-time USD settlement pilot in GIFT City
The platform, called Onyx by JP Morgan and created in 2020, uses blockchain for wholesale payments transactions. Currently, clearing and settlement arrangements are carried out through banks' overseas nostro accounts that are bound by weekends and currency holidays, JP Morgan said.
Banks set to pilot dollar clearing and settlement at IFSC
Over the next few months, Wall Street banking biggie JP Morgan, along with several other financial institutions, will carry out a pilot project where dollar payments and receipts can be completed among international banking units (IBUs) - or bank branches - at the International Financial Services Centre (IFSC) in GIFT City, Gandhinagar, Gujarat.
IRDAI makes it easier to settle motor insurance claims
With the new proposal, customers can self-declare in case of motor accidents up to Rs 75,000, and for non-motor claims up to Rs 1.5 lakh. IRDAI released its draft exposure for amending the Insurance Surveyors and Loss Assessors Regulations.
RBI removes NEFT, RTGS payment charges to push digital transactions
RBI has removed charges for NEFT, RTGS payments. It has asked banks to pass on benefits to customers.
J&K panel for establishing efficient systems in governance
The meeting decided that the govt would instantaneously do away with red-tape in issuance of revenue documents including state subject certificates.
Pro-growth measures by Government to drive market sentiment: Dipen Sheth, HDFC Securities
"I do not think it is the Q1 results that matter. These are just little bubbles and blips in an otherwise fantastic story."
The future of online life insurance
One must understand that there are four basic drivers that compel consumers to invest their time and effort to buy a product online.
Air waves could behave as optical cables
Howard Milchberg, professor at University of Maryland used an "air waveguide" to enhance light signals collected from distant sources.
Budget 2014: Fiscal targets overambitious, tax & expenditure reforms sorely missing, says Bibek Debroy
If tax reforms are a terminal goal (not necessarily in 2014-15), discretion in 2014-15 is not the road to take. This is also true of expenditure.
Aam Aadmi Party attacks Election Commission for not taking action against media houses
It has also urged the Commission to take "strong" and "exemplary" action and questioned its silence against media houses.
Managing Timely
We live in a world of continual, real-time communication from anywhere in the world, we’re used to assuming that everything happens instantaneously.
Lionel Messi and Dani Alves on target as Pablo Zabaleta sees red and City exit the Champions League
It was ultimate form of punishment for Pellegrini, the dreadful size of the task he faces in accomplishing the feat of creating a football team in Barcelona’s image.
New subsidiary will be win-win for all: RC Bhargava, Maruti Suzuki
"The margins on capital employed or the margins on investments will be much higher. This way, the return on equity will become much higher."
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