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T+1 settlement not aligned to global standards, Asifma tells Sebi

Says since working hours in Europe and US are not aligned with APAC markets, current T+2 market cycle is already effectively a T+1 settlement cycle

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Sebi

Ashley Coutinho  |  Mumbai 



sebi
The Sebi office is seen in the representational image

Asia Securities Industry and Financial Markets Association (Asifma) has shot off another letter to the Securities and Exchange Board of India (Sebi), highlighting the operational difficulties for overseas investors if the settlement cycle is halved to T+1.

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First Published: Fri, November 06 2020. 19:26 IST

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