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Business EconomyPosted at: Mar 3 2025 6:06PM


MIIs implement Direct Payout Settlement mechanism in the securities

Mumbai, Mar 3 (UNI) The Market Infrastructure Institutions (MIIs), comprising Exchanges, Clearing Corporations and Depositories, have successfully implemented the Direct Payout Settlement mechanism for securities, under the guidance of market regulator Securities and Exchange Board of India (SEBI).
This initiative aims to enhance efficiency, transparency, and investor protection, ensuring seamless direct credit of securities to clients’ demat accounts. We believe this mechanism will strengthen market integrity and operational efficiency.
The MIIs include BSE, Central Depository Services Limited (CDSL) a capital market company, Indian Clearing Corporation Limited, a financial services company that manages clearing, settlement and collateral for various segments of the BSE (ICCL), Metropolitan Stock Exchange of India (XMSE), Depository ( NSDL), NSE and NSE Clearing.
Direct Payout Settlement mechanism for securities was implemented on February 25, 2025, the joint statement by MIIs stated.
By ensuring the seamless and direct credit of securities to clients' demat accounts, the mechanism strengthens market integrity and operational efficiency.
The direct-payout settlement was initially put on hold on November 12 last year, following some delays during the early beta phase.
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