NISM Certifications · NISM-Series-VII: Securities Operations and Risk Management · Clearing Process
Under the T+1 rolling settlement cycle for equity shares in India, a trade executed on Monday (no holidays) is settled on which day?
A trade executed on Monday under T+1 rolling settlement is settled on Tuesday, the next business day. The trade day is T and settlement occurs one working day later, with holidays excluded from the count.
- AMonday
- BTuesdayCorrect
- CWednesday
- DThursday
Explanation
T+1 means settlement happens one business day after the trade day. A Monday trade is therefore settled on Tuesday, provided neither day is a trading or banking holiday.
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