How can one prepare himself for Rolling Settlement?
Settlement of trades in all listed securities is done in Rolling Settlements on T+3 basis, where the settlement period has considerably reduced. It is, therefore, necessary for the investors to be fully awareof the dynamics of the new system. In respect of those securities which can only be delivered in demat mode, it is imperative for the investors to get their holdings in the physical form in these scrips converted in the demat form. Further, since the movement of funds and securities need to be very fast in Rolling Settlements, investors should assess the Depository Participant and banking infrastructure available at their location. Investors are advised to move their shares from their Beneficiary Owner A/c with DPs to the broker’s pool account at the earliest after the sale transactions are done. Further, the physical shares ( in case of the settlement of trades in the securities where delivery in physical form is permitted) should be sent to the broker at the earliest after the sa
