Description

BSE announces trading and settlement schedule for Basket Repo and Special Repo segments for September 1-30, 2025 with detailed settlement timings.

Summary

BSE has announced the trading and settlement programme for Basket Repo and Special Repo segments for the period from September 1, 2025 to September 30, 2025. The circular provides detailed settlement schedules for Ready Leg T+0, Ready Leg T+1, and Forward Leg transactions with specific settlement numbers, transaction dates, and pay-in/pay-out timings.

Key Points

  • Settlement programme covers September 1-30, 2025 for Basket Repo and Special Repo segments
  • Three settlement types: Ready Leg T+0, Ready Leg T+1, and Forward Leg
  • Settlement numbers range from 2526102 to 2526122
  • Specific pay-in and pay-out timings provided for each settlement type
  • Ready Leg T+0 has same-day settlement for all transactions
  • Ready Leg T+1 and Forward Leg follow next business day settlement

Regulatory Changes

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

Compliance Requirements

  • Market participants must adhere to specified settlement timings
  • Ready Leg T+0: Pay-in by 2:15pm, Pay-out by 3:00pm
  • Ready Leg T+1: Pay-in by 2:15pm, Pay-out by 3:00pm for Basket Repo, by 1:00pm for Special Repo
  • Forward Leg: Pay-in by 2:15pm, Pay-out by 3:00pm
  • Participants should refer to ICCL Notice No.20180525-18 dated May 25, 2018 for additional details

Important Dates

  • Programme Period: September 1-30, 2025
  • Trading Days: All business days in September 2025 (excluding weekends)
  • Settlement Numbers: 2526102 through 2526122
  • Last settlement pay-out: October 1, 2025 (for September 30 transactions)

Impact Assessment

Medium operational impact on repo market participants who need to plan their trading and settlement activities according to the published schedule. The standardized settlement timings ensure smooth operations in the repo market segments. Market participants should update their systems and processes to align with the specified settlement dates and timings.

Impact Justification

Operational schedule affecting repo market participants with specific settlement timings and dates