It has been made compulsory to settle all trades within how many days of the trade date on a rolling settlement basis?
A. One
B. Two
C. Three
D. Four
Answer:B
It has been made compulsory to settle all trades within how many days of the trade date on a rolling settlement basis?
A. One B. Two C. Three D. Four
Explanation: Cash is paid or securities are delivered on pay-in day, which is before the T+2 day as the deal has to be settled and finalised on the T+2 day. The settlement cycle is on T+2 day on a rolling settlement basis.