Securities settlement in india
This is what settlement is! So, once the settlement has happened, your shares are legally held in a bank of securities which might be NSDL (NSDL is National Securities Depositories in India) or CDSL (Central Depository Services Limited in India). NSDL and CDSL are like banks of securities where the securities are legally held. ET in the classroom: Understanding trade settlement cycle India is one of the most advanced markets when it comes to settlement of trade. The domestic market follows a T+2 settlement cycle.