Description
BSE announces change in SLB reverse leg settlement day from first Thursday to first Tuesday of the month, effective October 2025.
Summary
BSE announces a change in the settlement day for Securities Lending and Borrowing (SLB) reverse leg from the first Thursday of the month to the first Tuesday of the month, effective for contracts expiring from October 2025 onwards.
Key Points
- Settlement day for SLB reverse leg revised from first Thursday to first Tuesday of each month
- Change effective for contracts expiring from October 2025 onwards
- First revised expiry date: Tuesday, October 07, 2025 for October 2025 contracts
- Change references ICCL Circular No. 20250501-5 dated May 01, 2025
- EOD file reflection date to be communicated separately
Regulatory Changes
Revision of SLB reverse leg settlement schedule as per Indian Clearing Corporation Ltd. directive, moving from weekly Thursday settlement to Tuesday settlement pattern.
Compliance Requirements
Market participants engaged in SLB transactions must adjust their settlement processes and systems to accommodate the new Tuesday settlement schedule for contracts expiring from October 2025.
Important Dates
- Effective Date: October 2025 contracts onwards
- First Revised Expiry: Tuesday, October 07, 2025
- EOD File Update: To be communicated separately
Impact Assessment
This change affects the operational schedule for SLB participants who will need to adjust their settlement workflows. The two-day shift from Thursday to Tuesday may impact liquidity patterns and operational planning for securities lending and borrowing activities.
Impact Justification
Operational change affecting SLB settlement schedule with clear implementation timeline