The National Stock Exchanges (NSE) on November 12, 2024, notified regarding the update on the Implementation of Direct Pay-Out Settlement by MIIs for Enhanced Investor Experience.
The following has been stated namely: -
• The Market Infrastructure Institutions (MIIs) launched the beta phase of the Direct Pay-out Settlement on November 11, 2024, which has been largely successful, though delays were observed, and efforts are underway to address these issues and stabilize the system.
• It has been decided to temporarily move the Direct Pay-out Settlement to the erstwhile Clearing Member Pool settlement mechanism effective Tuesday, November 12, 2024.
