Revision in Obligation Transfer Request (OTR) allocation timelines for Securities

LegalitySimplified

The National Stock Exchange (NSE) & Bombay Stock Exchange (BSE) on December 23, 2022, issued a circular regarding revision in Obligation Transfer Request (OTR) allocation timelines for Securities settling on a T+1 basis. 

For T+1 settlement, OTR allocation session timings are revised till 8:00 p.m. on T day. Under the T+1 settlement cycle, investors get their money or shares delivered within 24 hours. The revised timelines will be effective from the trade date i.e. December 26, 2022.

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