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Ans: Open Settlements are settlements where trading has been done, but settlement has not yet been completed. At both NSE and BSE, the trading cycle is on a ‘T+2’ basis. Thus, trades executed on March 4, 2007 get settled on March 06, 2007. Hence, on March 06, 2007, there will be two Open Settlements with trade dates on March 05, and March 04, 2007.
