WDM trading system provides for trading in debt and other instruments either as outright purchase and sale as Non-Repo trades or as Repo. While entering the order the trading member has to indicate the trade type (Non-Repo or Repo), the desired settlement term if their order is to result into a trade. Similarly Repo term also needs to be specified if the order is a repo order. Currently, Exchange permits the settlement term from T+0 (i.e. same day) to T+2 (three days) and Repo term from 1 to 14 days. Repo is allowed in all Govt. securities and Treasury Bills.