The facility is based on blocking of funds for trading in the secondary market through UPI, and initially, the facility will be optional for investors as well as stock brokers. The facility has been initially rolled out for the equity cash segment.
The facility is based on the blocking of funds for trading in the secondary market through UPI, and initially, the facility will be optional for investors as well as stock brokers, SEBI had said.
Under the proposed settlement mechanism for stock trades, investors funds will effectively leave their bank accounts only after trades are completed. This will eliminate the need to transfer funds to the stockbroker. Also, investors will do direct settlement with the clearing corporation of the stock exchanges.
The MLA says people are fed up with BJP’s poaching tactics and that only Congress can form a stable government given the state of affairs in NCP and Shiv Sena.