Description
Settlement schedule for currency derivatives segment from September 1-30, 2025, including daily settlement dates and contract expiry details.
Summary
BSE has announced the settlement programme for the Currency Derivatives segment for the period from September 1, 2025 to September 30, 2025. The circular provides daily settlement dates corresponding to each trade date and specifies contract expiry details.
Key Points
- Settlement schedule covers the entire month of September 2025
- Daily settlement occurs on T+1 basis (trade date + 1 business day)
- September 2025 currency future contracts expire on September 26, 2025
- Final settlement for expired contracts will be on September 30, 2025
- Schedule accounts for weekends and market holidays
Regulatory Changes
No regulatory changes announced - this is a standard operational schedule.
Compliance Requirements
- All currency derivatives market participants must adhere to the specified settlement dates
- Traders must ensure positions are squared off or rolled over before contract expiry
- Settlement obligations must be met as per the published schedule
Important Dates
- Settlement Period: September 1-30, 2025
- Contract Expiry: September 26, 2025 (last trading day for Sep 2025 contracts)
- Final Settlement: September 30, 2025
- Daily Settlements: T+1 basis throughout the month
Impact Assessment
This schedule affects all participants in the currency derivatives segment. The clear settlement timeline helps market participants plan their trading and risk management activities. The one-month advance notice allows adequate preparation for position management and settlement obligations.
Impact Justification
Standard operational schedule affecting all currency derivatives traders with specific settlement timelines