Rescheduling of settlements due to bank holidays

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..... The President/Executive Director/Managing Director Of all the Stock Exchanges Dear Sir/Madam, Rescheduling of settlements due to bank holidays This is with reference to SEBI s letter dated March 19, 2001 ref. No. SMD/Policy/25249/2001 where SEBI had advised about the rescheduling of the settlement cycles at the exchanges on account of scheduled and uns .....

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..... n drawn up by the exchange in advance, the exchange can for the purposes of adjusting for settlement holidays, merge the settlement of multiple days into one, so that the settlement process is smooth. In such cases only one settlement number would be allotted to the merged settlement. However, if the settlement holiday is unscheduled (on account of strike etc.), the clubbing of settlemen .....

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