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What is T+3 rolling settlement cycle and when delivery is to be given to a broker ?

April 26, 2017broker CYCLE DELIVERY given rolling

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What is T+3 rolling settlement cycle and when delivery is to be given to a broker ?

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Ans. In case of T+3 rolling settlements , the trades taking place on each trading day are required to be settled on the third day following the date of trade. For example trades of Monday will be settled on Thursday 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 latest by Wednesday.