What is Scripless Securities Settlement System (SSSS)?
Scripless Securities Settlement System (SSSS) facilitates the Settlement of transactions in Scripless Securities. In the SSSS, settlement of securities will take place instantaneously as and when transactions are reported to the system by the participants of the system (i.e. PDs, LCBs and any other institution permitted by the Monetary Board) and the sufficient balances to effect the transactions are available in the accounts. Whenever a transaction takes place, securities will be transferred from one account to another (debited and credited) electronically.