What is Trade for Trade (T for T) segment?
The Trade for Trade (T for T) segment is a special settlement category where each transaction is settled individually, without allowing intraday trading or netting off trades. It is used to curb speculation and ensure delivery-based settlement in certain stocks.
What makes T for T different?
- No intraday square-off: Every buy or sell transaction must be settled independently
- Delivery required: You must take or give delivery of the securities
- No netting: Trades cannot be offset during the day (i.e., no same-day buy/sell adjustments)
Example
- You buy 100 shares of a T for T stock on Monday
- You cannot sell them the next day (Tuesday)
- You must wait until the shares are delivered in your Demat account on T+1
Why are stocks moved to T for T?
- To prevent excessive speculation
- To ensure settlement discipline
- Often applied to volatile or illiquid stocks
Always check whether a stock is listed under the T for T segment before placing trades—this can impact your ability to exit a position quickly.
What if...
| Scenario | Outcome |
|---|
| I buy a T for T stock and sell it the next day | You may face short delivery or a compliance penalty. |
| I buy and sell the same T for T stock intraday | Not allowed—each leg must settle individually. |
| The stock is removed from T for T later | It will then follow normal rolling settlement rules. |
Last updated: 24 Jun 2025
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