SEBI Update - Change in timing for securities payout in the Activity schedule for T+1 Rolling Settlement

SEBI vide circular dated June 5, 2024, has mandated that the pay-out of securities be credited directly to the client account by the Clearing Corporations (CC). As prescribed in the aforementioned Circular, under Phase -1, the securities for pay-out in the equity cash segment (including netted cash and F&O Physical Settlement) shall be credited directly to the respective client’s demat account by the Clearing Corporations. As a consequence of the above, the timing of the payout of securities shall be revised from 1:30 PM to 3:30 PM. Thus, as a result of Direct Payout, the securities shall be credited to the clients’ demat account on the same settlement day instead of one working day from the receipt of pay-out from the Clearing Corporation.

Link - View Circular