Indian authorities set STP goals

On a road trip to Hong Kong, IndiaƆs top trading regulators set out their plans for achieving T+1 settlement by 2004.

A delegation of Indian regulators visited Hong Kong last week to spread the word about straight through processing in India. They claim that a new secure messaging system launched on December 2 is the first step towards shortening India's settlement cycle to T1. A goal that they plan to achieve by 2004. FinanceAsia spoke to the chairman of the Securities and Exchange Board of India SEBI, GN Bajpai, and the managing director and CEO of the National Securities Depository Limited NSDL, CB Bhave.

What's the reason for your trip to Hong Kong

Bajpai We wanted to come and spread the word to foreign institutional investors and fund managers about the improved...

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