In order to facilitate the settlement of funds for trades carried out by the Participants through the CSE (inter-Participant settlement), the CDS has appointed commercial banks, licensed under the Banking Act No. 30 of 1988 (as amended), to function as the settlement bank.
A Participant shall open only one account with any one of such settlement banks for the purpose of facilitating the inter-participant settlement of funds For trades executed for equity shares, settlement of securities happens on the trade date and the fund settlement happens on the third market day after the trade date (T+3) for normal & crossing board transactions and the day after the trade date (T+1) for Buy-In board transactions.
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Media Room
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Second Phase of CDS Digitalization Initiatives – Launch of revamped CDS eConnect Wednesday July 7, 2021
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Way Forward: Future Developments of the CDS Wednesday June 15, 2016
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Decentralization of CDS Account Openings Tuesday February 4, 2020
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CDS Celebrates 25 Years Friday September 2, 2016
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CDS Signs MoU with CDC Pakistan Friday September 2, 2016
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CDS signs MoU with CDSL India Friday May 12, 2017