Leading bourse National Stock Exchange (NSE) has introduced a same-day settlement scheme, under which the members can save on additional margins if the payments for trades are made before the opening of next trading session. Normally, the members are allowed to make the payments after the opening of trading hours in the next trading session under the T+1 settlement. However, any major crash in the stock prices expose the members to the risk of paying scaled up margins, if the existing margins become insufficient to meet the payment obligations under the existing facility.
NSE said that the members can opt for T+0 facility at any time, but they need to intimate the Clearing Corporation in advance about the same in a specified format, while they also need to give a prior intimation for revoking this facility. An eclectic mix of business news, technology, informative articles written by the best thinkers.