Inter participant settlement

Security and the fund settlement happens on the second market day after the trade date (T+2)
for normal & crossing board transactions and the day after the trade date (T+1) for Buy-In board
transactions.

The CDS will issue, on each market day, a settlement schedule, which will reflect the debits and credits that have been entered into the participant’s account and the net amount to be settled by each participant on a particular settlement date.

The buyer should ensure that ‘Cleared Funds’ are made available to the buying participant by 09:00 hours on the settlement date.

The participants should ensure that sufficient cleared funds are available in the settlement bank account by 09:30 hours on the settlement date to settle payments arising out of transactions carried out by such participant based on the settlement schedule issued by the CDS.

The inter-participant settlement of funds for Equity Securities traded on the CSE shall take
place by 10:30 hours on the Settlement Date, through settlement bank(s) as per the Settlement
Schedules issued by the CDS.