Page 7 - Application Supported News Today

'Settlement' is a two-way process that involves the transfer of funds and securities on the settlement date. As of now, there is a lag between trade and settlement

Shortening the trade settlement cycle involves impressive efficiency improvements in the market clearing mechanism and will be class-leading when implemented. The way it works now in the primary market is money remains blocked in investor accounts earning interest till issuers of IPOs accept subscriptions. Replicating this for the secondary market is more complicated because of the number of parties involved as well as the kinds of transactions they undertake.

Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch said that the regulatory body is already working on a mechanism that will allow instant transfer of stocks, cash in investor account

The offer will see fresh shares worth Rs 2,700m and a stake worth Rs 1,350m by exiting shareholder SAIF Partners India IV Limited. Proceeds from the IPO will be used for working capital and general corporate purposes. The bid deadline is 6 July, with shares being offered between Rs 301 and Rs 317 each.

The current listing time is T+6, with T being the day the issue closes for subscription , , securities and exchange board of india, sebi

This will ensure that issuers have faster access to the capital raised, thereby enhancing the ease of doing business, the market regulator said

The Securities and Exchange Board of India (SEBI) is introducing a supplementary process for trading based on blocked funds in investors' bank accounts.

Indias Securities and Exchange Board introduced a supplementary process for trading in the secondary market based on blocked funds in an investors bank account to block unauthorised trading using investors money. Similar to the Application Supported by Blocked Amount-like facility available for the primary market, the new facility will be provided by integrating Reserve Bank of India-approved Unified Payments Interface mandate service of a single-block-and-multiple-debits with the secondary mark...

With an aim to safeguard investors' money from misuse and default by stock brokers, Sebi on Monday introduced a supplementary process for trading in the secondary market based on blocked funds in an investor's bank account, instead of transferring them upfront to the trading member.

SEBI has tapped into UPI to introduce an Application Supported by Blocked Amount (ASBA)-like service for trading in the secondary market.