Funds Settlement

Funds Settlement

Funds settlement shall be effected through designated clearing banks of NSE Clearing Limited. All the funds settlement will be conducted by effecting debits / credits through electronic transfer of funds in the accounts of participants’ clearing bank accounts.

The paying member shall have clear funds in settlement account on settlement day. The Clearing Bank shall debit the paying members' account in accordance with electronic instructions received from Clearing Corporation. The Clearing Bank shall credit the receiving members' settlement account in accordance with the pay-out instructions received electronically from the Clearing Corporation on the settlement day.

Clearing Corporation shall provide a facility for non-settlement related payments from Custodians to Trading Members on lines of Capital Market segment.