How does settlement take place on the purchase and sale of Rights Entitlement (RE)?

• Trades are cleared and settled (T+1) on a gross basis
• Funds are settled on a net basis
  
  

Gross Settlement: Transactions are completed on a one-to-one basis without bunching other transactions. It is done via RTGS

Deferred Net Basis Settlement (DNS)/Net Settlement: Transactions are completed in batches at specific times. Hence, all transfers are held up till the specified time. It is done via NEFT.

* REs are traded in the Trade-to-Trade (T2T) segment

* Intraday trading of REs is not allowed