The Central Depository Services (India) Limited (CDSL) on January 31, 2025, issued a notification regarding Enhanced Operational Guidelines for T+ 0 Rolling Settlement.
The following has been stated: -
•The SEBI and NCL circulars outline guidelines for custodians participating in the T+0 rolling settlement cycle, effective from February 10, 2025.
•Custodial clients can initiate on-market transactions for transfers to Custodian Clearing Member (CM) Pool accounts, with the optional entry of 'CP Code – CMID' and UCC details.
•In case of unconfirmed or rejected trades, obligations devolve to the member, who may initiate transactions from proprietary accounts to the CM Pool account. During pay-in processing, securities transferred to the CM Pool account will be debited for Auto Delivery Obligation (Auto DO).
•DPs are advised to disseminate these guidelines and implement necessary back-office changes.
The detailed notification is given in the document below.
[Notification No. CDSL/OPS/DP/SETT/2025/81]
