The Securities and Exchange Board of India (SEBI) on Monday issued updated settlement dates for both derivatives and equity segments following settlement holidays on September 5 and 8, announced by clearing corporations in observance of Id-E-Milad, marking the birth anniversary of Prophet Muhammad.
Under the revised schedule, settlements for the derivatives segment for trade days September 4, 5, and 8 will be carried out on September 9. For the cash and Securities Lending and Borrowing Mechanism (SLBM) segments, trades executed on September 4 and 5 will also be settled on September 9, while trades from September 8 and 9 will be settled on September 10.
Stock exchanges have communicated these changes to all stakeholders, including trading members, and have issued circulars detailing the impact on corporate action ex-dates and cum-dates.
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