stock exchanges
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2010
hello dear experts
can any one tell me how future market is a zero sum game where gain equals loss??
and about rolling settlement in brief
as the secorities pay in and pay out of both funds and securities is completed on the same day but on the other hand it is given in this trade is settled on T+2 basis??? so whether trad eis settled on the same day or next working day....
and about pay in and pay off of securities in simple language ....
thanks
can any one tell me how future market is a zero sum game where gain equals loss??
and about rolling settlement in brief
as the secorities pay in and pay out of both funds and securities is completed on the same day but on the other hand it is given in this trade is settled on T+2 basis??? so whether trad eis settled on the same day or next working day....
and about pay in and pay off of securities in simple language ....
thanks
08 August 2010
What Does Rolling Settlement Mean---
The process of settling security trades on successive dates so that trades executed today will have a settlement date one business day later than trades executed yesterday. This contrasts with account settlement, in which all trades are settled once in a set period of days, regardless of when the trade took place.
The process of settling security trades on successive dates so that trades executed today will have a settlement date one business day later than trades executed yesterday. This contrasts with account settlement, in which all trades are settled once in a set period of days, regardless of when the trade took place.
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08 August 2010
Compulsory Rolling Settlement ------
All transactions in all groups of securities in the Equity segment and Fixed Income securities listed on BSE are required to be settled on T+2 basis (w.e.f. from April 1, 2003). The settlement calendar, which indicates the dates of the various settlement related activities, is drawn by BSE in advance and is circulated among the market participants.
Under rolling settlements, the trades done on a particular day are settled after a given number of business days. A T+2 settlement cycle means that the final settlement of transactions done on T, i.e., trade day by exchange of monies and securities between the buyers and sellers respectively takes place on second business day (excluding Saturdays, Sundays, bank and Exchange trading holidays) after the trade day.
The transactions in securities of companies which have made arrangements for dematerialization of their securities are settled only in demat mode on T+2 on net basis, i.e., buy and sell positions of a member-broker in the same scrip are netted and the net quantity and value is required to be settled. However, transactions in securities of companies, which are in "Z" group or have been placed under "trade-to-trade" by BSE as a surveillance measure ("T" and "TS" group) , are settled only on a gross basis and the facility of netting of buy and sell transactions in such scrips is not available.
BSE has introduced a new segment named "BSE Indonext" w.e.f. January 7, 2005. The "S" group consists of scrips from B group on BSE and companies exclusively listed on regional stock exchanges having a paid-up capital of Rs.3 crores to Rs. 30 crores. All trades in this segment are done through BOLT system.
The transactions in 'F' group securities representing "Fixed Income Securities" and " G" group representing Government Securities for retail investors are also settled at BSE on T+2 basis.
In case of Rolling Settlements, pay-in and pay-out of both funds and securities is completed on the same day.
Members are required to make payment for securities sold and/ or deliver securities purchased to their clients within one working day (excluding Saturday, Sunday, bank & BSE trading holidays) after the pay-out of the funds and securities for the concerned settlement is completed by BSE. This is the timeframe permitted to the Members to settle their funds/ securities obligations with their clients as per the Byelaws of BSE.
All transactions in all groups of securities in the Equity segment and Fixed Income securities listed on BSE are required to be settled on T+2 basis (w.e.f. from April 1, 2003). The settlement calendar, which indicates the dates of the various settlement related activities, is drawn by BSE in advance and is circulated among the market participants.
Under rolling settlements, the trades done on a particular day are settled after a given number of business days. A T+2 settlement cycle means that the final settlement of transactions done on T, i.e., trade day by exchange of monies and securities between the buyers and sellers respectively takes place on second business day (excluding Saturdays, Sundays, bank and Exchange trading holidays) after the trade day.
The transactions in securities of companies which have made arrangements for dematerialization of their securities are settled only in demat mode on T+2 on net basis, i.e., buy and sell positions of a member-broker in the same scrip are netted and the net quantity and value is required to be settled. However, transactions in securities of companies, which are in "Z" group or have been placed under "trade-to-trade" by BSE as a surveillance measure ("T" and "TS" group) , are settled only on a gross basis and the facility of netting of buy and sell transactions in such scrips is not available.
BSE has introduced a new segment named "BSE Indonext" w.e.f. January 7, 2005. The "S" group consists of scrips from B group on BSE and companies exclusively listed on regional stock exchanges having a paid-up capital of Rs.3 crores to Rs. 30 crores. All trades in this segment are done through BOLT system.
The transactions in 'F' group securities representing "Fixed Income Securities" and " G" group representing Government Securities for retail investors are also settled at BSE on T+2 basis.
In case of Rolling Settlements, pay-in and pay-out of both funds and securities is completed on the same day.
Members are required to make payment for securities sold and/ or deliver securities purchased to their clients within one working day (excluding Saturday, Sunday, bank & BSE trading holidays) after the pay-out of the funds and securities for the concerned settlement is completed by BSE. This is the timeframe permitted to the Members to settle their funds/ securities obligations with their clients as per the Byelaws of BSE.
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08 August 2010
T-2 =
Pay-in of funds and securities by 11:00 a.m. and pay-out of funds and securities by 1:30 p.m. The member-brokers are required to submit the pay-in instructions for funds and securities to banks and depositories respectively by 10: 30 a.m.
Pay-in of funds and securities by 11:00 a.m. and pay-out of funds and securities by 1:30 p.m. The member-brokers are required to submit the pay-in instructions for funds and securities to banks and depositories respectively by 10: 30 a.m.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
thanks sir.....
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