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Understanding Settlement Dates On the other hand, settlement date is the final date when the transaction is completed. That is, the date when the ownership of the security is transferred from the seller to the buyer, and the buyer makes the payment for the security to the seller.

On January 27, 2023 India's domestic equity market shifted to the T+1 settlement cycle. Now, Sebi has announced that starting from October 1, 2023 it will move to T+1 settlement cycle for all scrips, making India one of the first major economies in the world to make this shift.

A Settlement Cycle refers to a calendar ing to which all purchase and sale transactions done on T Day are settled on a T+1 basis. T = Trading Day and +1 means 1 consecutive working days after T (excluding all holidays).

For example, suppose you placed an online trade order on Monday, June 8, and it was executed on the same day. So, Monday, June 8, becomes your trading date. Then the settlement date will be Thursday, June 11, three days after the trade date and represented as T+3, where T is the trade date.

In the real estate industry, the term ?settlement period? is used to refer to the lag between the date when a transaction is initiated and the date when the transaction is settled. A normal settlement period in the real estate industry is 30 days, which is from the date of the offer to the settlement date.

The meaning of settlement period is the time between the execution of a transaction and the final settlement. Execution of a transaction is the fixation of transaction terms between contracting parties and the final settlement is the performance of the contract.

For most stock trades, settlement occurs two business days after the day the order executes, or T+2 (trade date plus two days). For example, if you were to execute an order on Monday, it would typically settle on Wednesday. For some products, such as mutual funds, settlement occurs on a different timeline.