All the charges/fees such as transaction charges, securities transaction tax, etc. that are applicable for securities under the T+1 settlement, will apply for T+0 too, exchanges said.
On March 21, the Securities and Exchange Board of India (Sebi) issued the framework for implementing the beta version of same-day or T+0 settlement on an optional basis, in addition to the T+1 settlement cycle.
The beta version of T+0 settlement will be introduced for a limited set of 25 scrips and with a limited number of brokers, Sebi said.
The price in the T+0 segment will operate with a price band of +100 basis points from the price in the regular T+1 market. This band will be re-calibrated after every 50 basis point movement in the underlying T+1 market.
Further, prices of stocks trading under T+0 will not be considered in index calculation and settlement price computation. There will be no separate close price for securities based on trading in the T+0 segment.All investors are eligible to participate in the T+0 settlement cycle, if they are able to meet the timelines, process and risk requirements as prescribed by the market infrastructure institutions.The surveillance measures that are currently applicable in the T+1 settlement cycle will also be applicable to scrips in the T+0 settlement cycle.
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