Overview

In order to facilitate the settlement of funds for trades carried out by the Participants through the CSE (inter-Participant settlement), the CDS has appointed commercial banks, licensed under the Banking Act No. 30 of 1988 (as amended), to function as the settlement bank.

A Participant shall open only one account with any one of such settlement banks for the purpose of facilitating the inter-participant settlement of funds For trades executed for equity shares, settlement of securities happens on the trade date and the fund settlement happens on the third market day after the trade date (T+3) for normal & crossing board transactions and the day after the trade date (T+1) for Buy-In board transactions.