Current Affairs - International - Discussion

Discussion Forum : International - Latest Current Affairs (Q.No. 2726)

2022-02-28 International

2726.

SEBI has introduced a T+1 settlement period of stocks, which makes India only the second country to implement this mechanism. Which is the first country to do so?

Singapore

China

United States

Australia

Answer: Option

Explanation:

India has become the second country after China to implement a T+1 stock settlement mechanism in a phased manner. The system will be starting with select stocks and then gradually add others to the fold.