Description
BSE announces trading and settlement schedule for New Debt Segment from September 1-30, 2025 with detailed settlement cycles.
Summary
BSE has released the trading and settlement programme for the New Debt Segment (NDS) covering the period from September 1, 2025 to September 30, 2025. The circular provides a detailed schedule of 21 settlement cycles with corresponding trading dates, entry/confirmation timelines, pay-in/pay-out dates, and auction schedules.
Key Points
- Settlement cycles numbered NDS-102/25-26 through NDS-122/25-26
- Daily trading sessions from September 1-30, 2025 (excluding weekends)
- T+1 settlement cycle for regular transactions
- Separate auction settlement dates provided
- Pay-in deadline at 11:00 AM with instructions to depositories/banks by 10:50 AM
- Auction pay-in at 9:30 AM with instructions by 9:20 AM
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
- Regular pay-in instructions: latest by 10:50 AM for 11:00 AM pay-in
- Auction pay-in instructions: latest by 9:20 AM for 9:30 AM auction pay-in
- Adherence to published settlement calendar mandatory
Important Dates
- Programme Period: September 1, 2025 to September 30, 2025
- First Settlement: NDS-102/25-26 starting September 1, 2025
- Last Settlement: NDS-122/25-26 ending with October 3, 2025 auction pay-out
- Daily Operations: Monday to Friday (excluding public holidays)
Impact Assessment
Medium operational impact for NDS segment participants. This routine schedule ensures orderly debt market operations with clear settlement timelines. Market participants in the New Debt Segment must align their operations with the published calendar to ensure smooth trading and settlement processes.
Impact Justification
Routine operational circular providing settlement calendar for debt trading segment