CSE Clear shall provide Clearing & Settlement facilities for both locally and foreign-denominated equity and debt securities, offering a reliable platform for all market participants.
CSE Clear has appointed commercial banks, licensed under the Banking Act No. 30 of 1988 (as amended), to function as the settlement banks of the CSE Clear in order to facilitate the settlement of funds for trades carried out by the Clearing Members through the CSE. Each Clearing Member is required to maintain a bank account with one of the designated settlement banks for the purpose of facilitating the settlement of funds with the CSE Clear.
All equity transactions executed on the by normal and crossing board are settled on the second market day after the trade date (T+2), while transactions on the Buy-In Board are settled on T+1.
For Debt transactions, the settlement shall take place on T+1 (TOM board) or T+2 (SPOT Board).
Execution of the security settlement on the settlement date from Sellers to Buyers will be executed upon receipt of the fund settlement completion by the settlement banks on the applicable settlement date.