NISM Certifications · NISM-Series-VII: Securities Operations and Risk Management · Settlement Process
In the Indian equity cash market, the standard rolling settlement cycle for trades is currently:
The standard rolling settlement cycle for Indian equity cash market trades is T+1 working day. Trades done on day T are settled on the next working day. Earlier cycles such as T+2 and T+3 have been replaced, and weekly account-period settlement is no longer followed.
- AT+1 working day basisCorrect
- BT+2 working day basis
- CT+3 working day basis
- DWeekly settlement on Fridays
Explanation
Since the move completed in January 2023, Indian equity cash market trades settle on a T+1 rolling basis, meaning settlement happens one working day after the trade day. T+2 was the earlier cycle and T+3 was used before that. Weekly settlement is an old account-period system, no longer used.
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