Description

BSE announces trading and settlement schedule for cash segment covering T+1 and T+0 settlement cycles for September 1-30, 2025.

Summary

BSE has published the trading and settlement programme for the cash segment covering the period from September 1, 2025 to September 30, 2025. The schedule includes both T+1 and T+0 settlement cycles with detailed timelines for trading dates, data entry, confirmation processes, and pay-in/pay-out dates.

Key Points

  • Settlement programme covers September 1-30, 2025 for cash segment
  • Includes both T+1 and T+0 settlement cycles
  • T+1 settlements numbered DR-705/25-26 through DR-726/25-26
  • T+0 settlements numbered DR-402/25-26 through DR-422/25-26
  • Specific dates provided for data entry, confirmation, and settlement processes
  • Auction settlements also scheduled with corresponding RA numbers

Regulatory Changes

No regulatory changes introduced - this is a routine operational schedule.

Compliance Requirements

  • Members must enter 6A/7A data on specified trading dates
  • Custodians must confirm 6A/7A data by specified deadlines
  • Pay-in and pay-out must be completed on scheduled dates
  • Auction offers must be submitted on designated auction dates
  • OTR allocation (Give-up entry) can be done by members as per schedule

Important Dates

  • Programme effective period: September 1-30, 2025
  • First T+1 settlement: DR-705/25-26 (Trading: Sep 1, Settlement: Sep 2)
  • Last T+1 settlement: DR-726/25-26 (Trading: Sep 30, Settlement: Oct 1)
  • First T+0 settlement: DR-402/25-26 (Trading & Settlement: Sep 1)
  • Last T+0 settlement: DR-422/25-26 (Trading & Settlement: Sep 30)
  • Special note: Some settlements affected by weekends and holidays (marked with @)

Impact Assessment

This routine settlement schedule ensures orderly market operations for all cash segment participants. Members and custodians must align their operational processes with the published timelines to ensure smooth settlement of trades. The dual settlement cycle (T+1 and T+0) provides flexibility for different types of transactions while maintaining market efficiency.

Impact Justification

Routine monthly settlement schedule affecting all cash segment trading participants