ICCL issued the Update on Custodial Participant (CP) code (excluding INST code) in T+0 Settlement Cycle in addition to the existing T+1 settlement cycle of Equity Cash Segment

Sep 29, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific Compliance

The Indian Clearing Corporation Limited (ICCL) on September 26, 2024, issued the Update on Custodial Participant (CP) code (excluding INST code) in T+0 Settlement Cycle in addition to the existing T+1 settlement cycle of Equity Cash Segment.

The following has been stated:

• The Members and custodians are requested to take note that the revised date for implementation of the mechanism for participation of custodian clients (both in CP Code and/or family Code) in the optional T+0 settlement cycle would be intimated in due course.

[Notification No 20240926-51]

 


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