Which nation started the 'trade-plus-one' settlement cycle second in the world after China?
India.
2023 January
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India will start the 'trade-plus-one' (T+1) settlement cycle in top listed securities after China, making it the second nation in the world to do so. It aims to increase stock market participants' comfort, operational efficiency, and speed of fund transfers and share delivery. The weekly settlement system was used by stock markets up until 2001. The markets then switched to a T+3 rolling settlement system, which was followed by T+2 in 2003.