Securities Board (SEBON) prepares to clear share trading within two days

Jan Thu 2021 06:45:02

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Securities Board (SEBON) prepares to clear share trading within two days

Kathmandu. The Nepal Securities Board (NSB) is preparing to clear the securities trading cycle in two days. The board said that the preparations to maintain the current three-day clean-up cycle within two days have reached the final stage.

The Board has stated that it is preparing to implement the system after conducting a study and research on whether the capital market of Nepal can be cleared within two days.

Currently, securities have to be cleared within three days of trading. According to the said arrangement, the seller of the shares will have to receive the amount equal to the shares sold within three days and the shares will have been deposited in the share account of the buyer within three days. Under the current system, these works will have to be completed within two days.