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NISM Certifications · NISM-Series-XV: Research Analyst · Introduction to Securities Market

Under the rolling settlement framework in Indian equity cash markets with T+1 settlement, a trade executed on Monday (with no holidays in the week) is settled on:

The trade settles on Tuesday. Under T+1 rolling settlement, settlement occurs one working day after the trade day, so a Monday trade with no holidays is settled the next day. Wednesday would correspond to T+2, an older cycle.

  1. AMonday itself
  2. BTuesdayCorrect
  3. CWednesday
  4. DThursday

Explanation

T+1 means the trade day plus one working day. A trade on Monday settles on Tuesday when there are no intervening holidays. Wednesday would be T+2, and Thursday T+3, which are the older cycles.

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