Description
BSE announces daily settlement schedule for currency derivatives segment from September 1-30, 2025, with September 2025 contracts expiring on September 26, 2025.
Summary
BSE has announced the settlement programme for the Currency Derivatives segment for September 2025, providing daily settlement dates from September 1-30, 2025. The circular specifies that September 2025 currency future contracts will expire on September 26, 2025, with final settlement on September 30, 2025.
Key Points
- Daily settlement schedule provided for entire month of September 2025
- Currency futures contracts for September 2025 expire on September 26, 2025
- Final settlement date for September contracts is September 30, 2025
- Settlement follows T+1 basis (trade date + 1 day for settlement)
- Notice issued by Indian Clearing Corporation Ltd.
Regulatory Changes
No regulatory changes announced - this is a routine operational schedule.
Compliance Requirements
- Market participants must adhere to specified settlement dates
- Positions in September 2025 currency futures must be squared off or rolled over before expiry on September 26, 2025
- Final settlement obligations must be met by September 30, 2025
Important Dates
- Settlement Period: September 1-30, 2025
- September 2025 Contract Expiry: September 26, 2025 (last trading day)
- Final Settlement Date: September 30, 2025
- Weekend Gaps: September 5-6, 13-14, 20-21, 27-28 (no trading/settlement)
Impact Assessment
This operational circular provides essential planning information for currency derivatives traders and clearing members. The clearly defined settlement schedule helps participants manage their positions and cash flows effectively. The one-month advance notice allows adequate preparation for contract expiry and final settlement procedures.
Impact Justification
Operational circular affecting currency derivatives traders with specific settlement dates and contract expiry information