394
May 12, 2022
Settlement Holiday: 16-May
16-May-22 is a Settlement Holiday due to Buddha Pournima. Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
- You can place your Trades as usual, however the settlement of funds/securities will be processed as detailed in the table below:
| Segment | Trade placed on | Date of Settlement |
| Equity ( T+1 Settlement ) | 13-May | 17-May |
| Equity ( T+2 Settlement ) | 13-May | 18-May |
| Derivatives (F&O) | 13-May | 17-May |
- Your credit balance for 16-May will not include the following:
| Segment | Account Balance Exclusions |
| Equity (T+1 & T+2 Settlement) | Intraday Profits made on 13-May |
| Derivatives (Equity F&O, Currency & Commodity) | Credits Made From Trades Done On 13-May |
Just so you know: Settlement holidays refer to days when markets (except Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on next settlement cycle, as per the respective segments.
