MIIs implement direct payout scheme mechanism

Market infrastructure institutions (MIIs), which comprise stock exchanges, clearing corporations and depositories, said they had successfully implemented the Direct Payout Settlement mechanism for securities under the guidance of Securities and Exchange Board of India (SEBI). 

“This initiative enhances efficiency, transparency, and investor protection, ensuring seamless direct credit of securities to clients’ demat accounts. The mechanism strengthens market integrity and operational efficiency,” the MIIs said in a statement.