Description

BSE announces trading and settlement schedule for cash segment from September 1-30, 2025, covering both T+1 and T+0 settlement cycles with detailed settlement numbers and dates.

Summary

BSE has published the comprehensive 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 settlement numbers, trading dates, and pay-in/pay-out schedules.

Key Points

  • T+1 settlement cycle covers 22 settlement numbers (DR-705/25-26 to DR-726/25-26)
  • T+0 settlement cycle covers 21 settlement numbers (DR-402/25-26 to DR-422/25-26)
  • Each settlement includes specific dates for data entry, confirmation, and pay-in/pay-out
  • Auction settlements are scheduled with corresponding RA numbers
  • Weekend and holiday adjustments are incorporated in the schedule

Regulatory Changes

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

Compliance Requirements

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

Important Dates

  • Programme Period: September 1, 2025 to September 30, 2025
  • First T+1 Settlement: DR-705/25-26 (Trading Date: September 1, 2025)
  • Last T+1 Settlement: DR-726/25-26 (Trading Date: September 30, 2025)
  • First T+0 Settlement: DR-402/25-26 (Trading Date: September 1, 2025)
  • Last T+0 Settlement: DR-422/25-26 (Trading Date: September 30, 2025)
  • Holiday Impact: September 5 and 7 settlements extended to September 8, 2025

Impact Assessment

This schedule provides essential operational framework for all cash segment participants including brokers, custodians, and clearing members. The dual settlement cycles (T+1 and T+0) offer flexibility for different trading strategies. Members must align their operational calendars with these dates to ensure smooth settlement processes and avoid penalties.

Impact Justification

Routine operational schedule affecting all cash segment participants but critical for planning trading and settlement operations