The Securites Board of Nepal (SEBON) has directed NEPSE and CDS and Cearing Ltd. (CDSCL) to trade only demateralised shares in NEPSE which means the undemateralised shares will not be traded from January 15. Demateralisation is the process of converting physical shares into electronic format. Currently 119 listed companies are trading demateralised shares in Nepse.
After all the shares are demateralised, Nepse will be able to implement T+3, under which all payments have to be settled within 3 days of share trading. This will help to increase the transaction volume in the market which is considered to be fruitful to Nepalese Capital Market.
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