Rolling settlement

MUMBAI: The National Stock Exchange NSE will be introducing a rolling settlement with effect from July 9, 1997 in the depository segment. This would mean that the operator can realise their money or delivery within a week. The transaction will be settled within seven days of the trade compared to the current fifteen days gap in non-depository segment.

According to NSE, the list of the scrips which can be traded in this manner will be announced soon. This is for the first time in the history of NSE that such a facility is made available to operators.

According to NSE officials, the transaction charge on depository segment have also been reduced from Rs 9 per lakh to Rs 5 per lakh. This will enable most of the opertors to opt for depository segment business rather than non-depository segment.