What do you mean by settlement according to stock market?
Answers
Answer:
T+2 Day. implies that a transaction of the sale and purchase of shares must be settled within 2 working days of the placement of the order- with effect from April 1,2003. This settlement period used to be longer in the past and was gradually reduced. The trading cycle varied from 14 days for specified securities to 30 days for others and settlement took another fortnight. This period was shortened in phases. In December 2001,it was reduced to T+5,to T+3 from April 2002 and to T+2 from April 2003.
Answer:
Settlement of securities is a business process whereby securities or interests in securities are delivered, usually against (in simultaneous exchange for) payment of money, to fulfill contractual obligations, such as those arising under securities trades.
Explanation: