Update on Custodial Participant (CP) code (excluding INST code) in T+0 Settlement Cycle in addition to the existing T+1 settlement cycle of Equity Cash Segment.

• Notice No: 20240926-51
• Notice Date: 26 Sep 2024
• Category: Settlement/RMS
• Segment: General

All Members and Custodians,

Launch of Beta Version of T+0 Settlement have been notified to market by Exchange, on 22^nd March 2024, vide notice 20240322-48. Simultaneously, ICCL had issued circular depicting T+0 Beta Version - ‘Operational Modalities’ on 22^nd March 2024, vide notice 20240322-51.

Further to above, Exchange has issued circular on 31^st July 2024, vide notice 20240731-11, directing market on introduction of CP Code in T+0 (Excluding INST).

Members and custodians are requested to take note that the revised date for implementation of the mechanism for participation of custodian clients (both in CP Code and/or family Code) in the optional T+0 settlement cycle would be intimated in due course.

Members & Custodian are requested to take note of the same and comply.

For any further clarification, please revert.

Thanks & Regards

Akshat Chaturvedi                                                                          Mrunal Amberkar                                                                          

                                                                                               
General Manager                                                                            Senior Manager

Operation                                                                                          Operations