Interoperability is a mechanism that allows market participants to choose a clearing corporation to settle the trades, irrespective of the Exchange where the trades are executed.
For example, client XYZ has purchased 100 shares of ABC Company in NSE and has sold 100 shares in BSE. Here, the net settlement for the day would be 100 – 100 = 0.
This is applicable only for rolling/normal settlement. There is no change for the scrips that are settled on a trade-to-trade basis (no netting).
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