Description
BSE announces trading and settlement schedule for Securities Lending and Borrowing (SLB) segment from September 1-30, 2025.
Summary
BSE has published the complete trading and settlement programme for the Securities Lending and Borrowing (SLB) segment for September 2025. The schedule covers 22 settlement cycles from SL-105/25-26 to SL-126/25-26, with specific dates for trading, 6A7A entry/confirmation, and pay-in/pay-out activities.
Key Points
- 22 settlement cycles scheduled for September 2025 (SL-105 to SL-126)
- Standard pay-in timing at 08:00 a.m. with instructions deadline at 07:50 a.m.
- Special arrangements for settlements SL-108 and SL-109 on September 8, 2025
- All SLB activities (trading, 6A7A entry/confirmation) occur on the same day
- Pay-out typically occurs the next business day
Regulatory Changes
No regulatory changes announced - this is a standard operational schedule.
Compliance Requirements
- Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m. for regular settlements
- For SL-108/25-26: Submit instructions by 07:50 a.m. for 08:00 a.m. pay-in and 09:30 a.m. pay-out
- For SL-109/25-26: Submit instructions by 10:05 a.m. for 10:15 a.m. pay-in and 12:00 p.m. pay-out
Important Dates
- September 1-30, 2025: SLB segment trading period
- September 8, 2025: Special settlement arrangements for SL-108 and SL-109
- October 1, 2025: Final pay-out date for September cycle (SL-126/25-26)
Impact Assessment
This schedule provides operational clarity for SLB market participants. The special arrangements on September 8, 2025, require particular attention from members as they involve different timing schedules for two settlement cycles on the same day. Market participants should adjust their operational procedures accordingly to ensure compliance with the revised timings.
Impact Justification
Operational schedule for SLB segment affecting market participants' settlement timings