t+1 settlement

FPI Tax Papers: Work overnight for FPI tax papers: Sebi tells big four firms

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Mumbai: The Big Four accountancy firms will have to burn the midnight oil to give foreign portfolio investors (FPIs) the chance to move money faster. At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory ‘confirmation certificate’ overnight so that offshore funds … Read more

Wall Street returns to T+1 stock trading after a century

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The US stock market is finally as fast as it was about a hundred years ago. That was the last time share trades in New York settled in a single day, as they will from Tuesday under new Securities and Exchange Commission rules. The change, halving the time it takes to complete every transaction, also … Read more