Settlement System
When ISE was established T+7 settlement cycle was used for settlement of shares. T+3 was introduced in 2001 which has been replaced by T+2 settlement cycle in August 2007 to reduce the overall settlement risk in the market.
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Famous quotes containing the words settlement and/or system:
“The Settlement ... is an experimental effort to aid in the solution of the social and industrial problems which are engendered by the modern conditions of life in a great city. It insists that these problems are not confined to any one portion of the city. It is an attempt to relieve, at the same time, the overaccumulation at one end of society and the destitution at the other ...”
—Jane Addams (1860–1935)
“Whoever places his trust into a system will soon be without a home. While you are building your third story, the two lower ones have already been dismantled.”
—Franz Grillparzer (1791–1872)