Settlement Description

Settlement

Settlement department is a key department of the CSE. It is dealing with cash and securities. It helps the broker in setting the matters related to their payin and payout of cash and securities, recovery of dues and settling the matters related to the bad deliveries. This department is headed by a Deputy manager and assisted by two senior officers who look into the operations involved in the settlement activities in the BSE and NSE. CSBL are following T+3 (T-Date of Transaction) settlement system as given below :

	NSE/BSE	CSBL
Security Payin	T + 3	T + 1
Cash Payin	T + 3	T + 2
Cash Payout	T + 3	T + 4
Delivery Payout	T + 3	T + 4
Delivery Intimation	-	T + 3

Cochin Stock Exchange, Kochi, India