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To bring in operational efficiency and ease for market participants, stock exchanges have decided that all stocks on which derivatives contracts are available will be transitioned to T+1 settlement in a single batch from January 2023 instead of two separate batches, according to a joint statement from the exchanges.
As per the earlier schedule, stocks on which futures and options (derivatives) are available are to be transitioned to T+1 settlement in two batches — December 2022 and January 2023. Accordingly, exchanges will revise the original schedule for transition of stocks to T+1 settlement and issue the circular informing the list of stocks to be transitioned in December 2022 and January 2023, the statement said.
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