Description
BSE announces revised settlement schedule for corporate debt segment due to holiday changes from September 5 to September 8, 2025.
Summary
BSE has announced changes to the settlement schedule for the Corporate Debt segment in September 2025, following RBI’s press release dated September 4, 2025 regarding the change in holiday from September 5, 2025 to September 8, 2025.
Key Points
- Settlement schedule revised due to RBI directive on holiday changes
- Trades due for settlement on September 5, 2025 will be settled on the same date with same consideration
- Trades due for settlement on September 8, 2025 will be settled on September 9, 2025 with same consideration
- Special settlement arrangements for September 5, 2025 with settlement number 2526500
Regulatory Changes
- Holiday shifted from September 5, 2025 to September 8, 2025 as per RBI directive
- Settlement calendar adjusted to accommodate the holiday change
- No change in settlement consideration amounts
Compliance Requirements
- Market participants must adjust their settlement expectations according to the revised schedule
- All corporate debt transactions must follow the new settlement timeline
- Settlement number 2526500 applies to all settlement types on September 5, 2025
Important Dates
- September 4, 2025: T+1 settlements moved from September 8 to September 9
- September 5, 2025: All settlement types (T+0, T+1, T+2) processed with settlement number 2526500
- September 9, 2025: New settlement date for trades originally scheduled for September 8
Impact Assessment
Medium operational impact on corporate debt market participants who need to adjust their settlement processes and cash flow planning. The changes ensure continuity of settlement operations while accommodating the revised holiday schedule, with no financial impact as consideration amounts remain unchanged.
Impact Justification
Operational change affecting corporate debt settlement timing but no financial impact