Description
BSE announces trading and settlement schedule for Securities Lending and Borrowing (SLB) segment for September 1-30, 2025.
Summary
BSE has published the trading and settlement programme for the Securities Lending and Borrowing (SLB) segment covering the period from September 1, 2025 to September 30, 2025. The notice provides detailed settlement numbers, trading dates, and pay-in/pay-out schedules for each trading day.
Key Points
- 22 settlement cycles scheduled for September 2025 (SL-105/25-26 through SL-126/25-26)
- Standard pay-in timing at 08:00 a.m. with member instructions required by 07:50 a.m.
- Special timing arrangements for settlements SL-108 and SL-109 due to weekend scheduling
- Each trading day has same-day 6A7A entry and confirmation
- Pay-out occurs next business day after trading
Regulatory Changes
No regulatory changes announced. This is a routine operational schedule.
Compliance Requirements
- Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m. for standard settlements
- For SL-108/25-26: Pay-in instructions by 07:50 a.m., pay-in at 08:00 a.m., pay-out at 09:30 a.m.
- For SL-109/25-26: Pay-in instructions by 10:05 a.m., pay-in at 10:15 a.m., pay-out at 12:00 p.m.
Important Dates
- September 1, 2025: First settlement (SL-105/25-26) begins
- September 30, 2025: Last settlement (SL-126/25-26) trading date
- October 1, 2025: Final pay-out for September settlements
- September 8, 2025: Special timing day due to weekend effect
Impact Assessment
Minimal market impact as this is a routine operational announcement. The schedule provides predictability for SLB market participants and ensures smooth settlement operations. Special timing arrangements for weekend-affected settlements maintain operational continuity.
Impact Justification
Routine operational schedule announcement with no regulatory changes or market impact