What is T+2 rolling settlement cycle and when delivery is to be given to a broker ?
In case of T+2 rolling settlements, the trades taking place on each trading day are required to be settled on the second day following the date of trade. For example trades of Monday will be settled on Wednesday morning. In this example, if you have sold securities, you need to make sure that the securities reach the account of clearing member of the stock exchange before the settlement time. In order to avoid some last minute hiccups its better to transfer the shares by Tuesday.
