Question
Consider the following statements regarding the
“T+1” settlement cycle: 1.T in T+1 represents the trade date. 2.This cycle means that trade-related settlements occur within one hour of the actual transaction. 3.India became the first country to implement the T+1 settlement cycle in top-listed securities. which of the above statements are correct?Solution
In T+1, settlement of the trade takes place in one working day and the investor will get the money on the following day.
If you keep dodging your manager’s call, you will be on thin ice .
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