Unrealistic for global investors to meet Sebi's T+1 time frame: ASIFMA exec

A market transition to T+1 would require significant, coordinated, and expensive structural changes to the settlement process, says Lyndon Chao, head of equities at ASIFMA

A market transition to T+1 would require significant, coordinated, and expensive structural changes to the settlement process, including technological enhancements, says Lyndon Chao, head of equities at ASIFMA. In an interview with Ashley Coutinho, he says China's equity settlement model is not something that India should emulate nor to replicate. Edited excerpts:

The Indian regulator seems keen to move to a T+1 settlement cycle sometime in 2022. Is it feasible?

A market transition to T+1 would require significant, coordinated, and expensive structural changes to the settlement process, including technological enhancements and real-time/near real-time trade processing, all of which would limit