Description

BSE announces trading and settlement schedule for New Debt Segment from September 1-30, 2025 with specific pay-in/pay-out timelines.

Summary

BSE has published the comprehensive trading and settlement programme for the New Debt Segment (NDS) covering the period from September 1, 2025 to September 30, 2025. The schedule includes 21 settlement cycles (NDS-102/25-26 through NDS-122/25-26) with specific dates for trading, entry/confirmation, pay-in/pay-out, and auction activities.

Key Points

  • 21 settlement cycles scheduled from September 1-30, 2025
  • Settlement numbers range from NDS-102/25-26 to NDS-122/25-26
  • Each cycle includes trading date, 6A/7A entry/confirmation, pay-in/pay-out, and auction dates
  • Regular pay-in timing: 11:00 AM with member instructions due by 10:50 AM
  • Auction pay-in timing: 9:30 AM with member instructions due by 9:20 AM
  • Pay-out occurs on T+1 basis for regular settlements

Regulatory Changes

No regulatory changes introduced - this is a standard operational schedule announcement.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/banks by 10:50 AM for regular settlements
  • Members must submit auction pay-in instructions to Depositories/banks by 9:20 AM for auction settlements
  • Adherence to specified settlement dates and timelines is mandatory
  • Compliance with Indian Clearing Corporation Ltd. procedures required

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 starting September 30, 2025
  • Pay-in Deadline: 10:50 AM for regular settlements, 9:20 AM for auctions
  • Pay-in Time: 11:00 AM for regular settlements, 9:30 AM for auctions

Impact Assessment

Operational Impact: Medium - affects all NDS segment participants requiring adherence to specific timing schedules. Market Impact: Medium - ensures orderly settlement of debt securities transactions. Participant Impact: Requires operational planning and system alignment with published schedule timelines.

Impact Justification

Operational schedule affecting debt segment trading participants with specific timing requirements