Trade-to-trade settlement
Trading & ordersAlso called: T2T, Trade for trade
A settlement mode in which every trade must be settled by delivery, with no intraday netting of buys against sells.
In plain terms
A mistaken buy has to be paid for in full and sold the next day. Marked as the BE series on the NSE and the T group on the BSE, and it usually arrives with a narrowed price band attached.