Settlement
Settlement
Introduction
All securities available for trading on Metropolitan Stock Exchange of India Limited (MSE) are traded under the Rolling Settlement framework. Securities available for rolling settlement are made available in the EQ Series for equity shares and are settled in accordance with the settlement cycle prescribed by the relevant Clearing Corporation. Trading in certain securities may be shifted to the Trade-to-Trade Segment (BE Series) as a risk containment measure.
EQ – Normal Rolling Settlement Equity Shares; BE – Trade-to-Trade Settlement Securities; BZ – Securities as notified by Exchange; RE – Rights Entitlement Securities; GB – Sovereign Gold Bond Securities.
All securities available for trading on MSE are traded under the Rolling Settlement mechanism. Equity shares available under normal trading are traded in the EQ Series. Settlement obligations are generated based on executed trades.
Trading takes place in BE Series. Transactions are settled on a gross basis. No netting of buy and sell transactions. Mandatory delivery settlement.
EQ Series: Normal Rolling Settlement. BE Series: Trade-to-Trade settlement. BZ Series: Securities as designated by Exchange. RE Series: Rights Entitlement trading. GB Series: Sovereign Gold Bonds.
Auction sessions are conducted by the Exchange for buying in securities that have been delivered short by members. Auction duration is 30 minutes. Instrument Name: AUCBI. Daily Price Range: 20%.
Pre-Open Session 9:00 AM–9:15 AM; Normal Market 9:15 AM–3:30 PM; Auction Market 2:30 PM–3:30 PM; Post Close Session 3:40 PM–4:00 PM.
Settlement obligations arising out of trades executed on the Exchange are processed through the designated Clearing Corporation. For Trade-to-Trade securities, settlement is carried out on a gross basis.
The Exchange disseminates trade information, market statistics, security master data, auction information and market watch information.