Description

BSE announces trading and settlement schedule for ITP SME segment from September 1-30, 2025 with settlement numbers and pay-in/pay-out dates.

Summary

BSE has released the trading and settlement programme for the Institutional Trading Platform (ITP) SME segment for September 2025. The circular provides complete settlement schedule with 22 settlement cycles (ITP-105/25-26 to ITP-126/25-26) covering the period from September 1 to September 30, 2025.

Key Points

  • 22 settlement cycles scheduled for September 2025
  • Settlement numbers range from ITP-105/25-26 to ITP-126/25-26
  • Depository settlement numbers from 2526105 to 2526126
  • Standard pay-in timing at 10:00 a.m. with pay-out by 11:00 a.m.
  • Special timing arrangements for settlements ITP-108/25-26 and ITP-109/25-26 on September 8, 2025
  • Members must submit pay-in instructions to depositories/banks by 09:50 a.m. (standard)

Regulatory Changes

No regulatory changes introduced. This is a routine operational schedule announcement.

Compliance Requirements

  • Members must submit pay-in instructions to depositories/banks by specified deadlines
  • Standard deadline: 09:50 a.m. for regular settlements
  • Special deadlines for September 8 settlements:
    • ITP-108/25-26: By 09:50 a.m.
    • ITP-109/25-26: By 01:50 p.m.

Important Dates

  • Trading Period: September 1-30, 2025
  • First Settlement: ITP-105/25-26 (Trade: Sep 1, Settlement: Sep 2)
  • Last Settlement: ITP-126/25-26 (Trade: Sep 30, Settlement: Oct 1)
  • Special Settlement Arrangements: September 8, 2025
    • ITP-108/25-26: Pay-in 10:00 a.m., Pay-out 12:30 p.m.
    • ITP-109/25-26: Pay-in 02:00 p.m., Pay-out 04:30 p.m.

Impact Assessment

Medium operational impact on institutional traders using the ITP SME segment. The schedule ensures continuous trading and settlement operations throughout September 2025. Special timing arrangements on September 8 require additional attention from members to avoid settlement failures. The programme maintains BSE’s commitment to efficient institutional trading infrastructure for SME securities.

Impact Justification

Operational schedule for ITP SME segment affecting institutional traders and settlement processes