Adoption of T+1 going on smoothly — SEC
, I think that gives enough time for the custodian banks, who are representatives of those investors, to source the funds required and settle the securities and cash as well, because it’s a DVP market.
And so everybody is concerned about how to source cash or how to source funds for settlement.” According to her no default had so far been recorded due to the unavailability of funds for settlement at the new deadline.
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