Description
Settlement schedule for Corporate Debt Segment trading activities from September 1-30, 2025, covering T+0, T+1, and T+2 settlement cycles.
Summary
BSE has announced the trading and settlement programme for the Corporate Debt Segment (ICDM) for September 2025, providing detailed settlement schedules for T+0, T+1, and T+2 cycles covering all trading days from September 1-30, 2025.
Key Points
- Settlement schedules provided for three different cycles: T+0, T+1, and T+2
- Covers all trading days in September 2025 (22 trading days total)
- Settlement numbers range from 2526102 to 2526122
- Same-day settlement for T+0, next business day for T+1, and two business days for T+2
- Weekends and holidays are excluded from settlement dates
Regulatory Changes
No regulatory changes introduced. This is a routine operational schedule publication.
Compliance Requirements
- Market participants must adhere to specified settlement timelines
- Securities and funds pay-in and pay-out must occur on designated dates
- Participants must check depository settlement deadline times for respective market types
- Securities transfers to ICCL account must be enabled within specified timeframes
Important Dates
- Effective Period: September 1-30, 2025
- First Settlement: September 1, 2025 (Settlement No. 2526102)
- Last Settlement: September 30, 2025 (Settlement No. 2526122)
- Reference: ICCL Notice No.20091206-01 dated December 6, 2009 for settlement details
Impact Assessment
Medium operational impact for corporate debt segment participants who must align their settlement processes with the published schedule. Essential for proper functioning of debt market trading and settlement activities during September 2025.
Impact Justification
Routine operational schedule affecting debt segment trading but essential for market participants