Past version: Effective from 08 Oct 2018 to 09 Dec 2018
The normal timetable for settlement of trades is as follows:—
Type of Trade | Delivery by selling customer | Payment to selling customer | Delivery to buying customer | Payment by buying customer | Force-sale against customer | Buying in against customer | |||
Other | DVP | Other | Other | DVP | Other | DVP | Other | ||
Immediate Bargains | 5 pm on T | - | T+1 or against delivery, whichever is later | 3 pm on T+1 | - | T+1 | - | T+2 | T+1 |
Ready Market for securities and futures contracts cleared by CDP | T+3 | T+3 or against delivery, whichever is later | T+4 or against delivery, whichever is later | T+3 | T+3 | T+3 | T+4 | T+4 | T+3 |
Marginable Futures Contracts | LTD+3 | - | LTD+4 or against delivery whichever is later | LTD+3 | - | LTD+ 3 | - | LTD+ 4 | LTD+3 |
Ready Market for other securities | 12.30 pm on T+3 | - | T+4 or against delivery, whichever is later | 3 pm on T+4 | - | T+4 | - | T+5 | T+3 |
Where T is the trade date and LTD is the Last Trading Day as defined in Chapter 19 (and hence, T+3/LTD+3 is the third Market Day after trade date/Last Trading Day).
Amended on 3 April 2008,3 April 2008, 23 January 200923 January 2009, 20 November 200920 November 2009 and 8 October 20188 October 2018.