Description
BSE publishes revised trading and settlement schedule for ITP SME segment covering September 1-30, 2025 with special timing arrangements.
Summary
BSE has issued a revised trading and settlement programme for the Institutional Trading Platform (ITP) SME segment covering the period from September 1-30, 2025. The circular provides detailed settlement schedules including specific pay-in and pay-out timings, with special arrangements for certain settlement dates.
Key Points
- Revised settlement schedule covers September 1-30, 2025 for ITP SME segment
- Settlement numbers range from ITP-105/25-26 to ITP-125/25-26
- Standard pay-in timing at 10:00 a.m. with pay-out by 11:00 a.m.
- Members must submit pay-in instructions to depositories/banks by 09:50 a.m.
- Special timing arrangements for four settlement dates (September 9 and 10)
Regulatory Changes
No regulatory changes - this is an operational schedule update for existing ITP SME segment trading and settlement procedures.
Compliance Requirements
- Members must adhere to specified pay-in and pay-out timings
- Pay-in instructions must be submitted to depositories/banks by the specified deadlines
- Special attention required for settlements on September 9 and 10 with modified timings
Important Dates
- Effective Period: September 1-30, 2025
- Special Settlement Dates: September 9-10, 2025 with modified timings
- September 9: Pay-in 10:00 a.m./4:30 p.m., Pay-out 12:30 p.m./9:30 p.m.
- September 10: Pay-in 10:00 a.m./4:30 p.m., Pay-out 12:30 p.m./9:30 p.m.
Impact Assessment
This is an operational update affecting institutional participants in the SME segment of BSE’s ITP platform. The revised schedule ensures smooth settlement operations during September 2025, with special arrangements to accommodate specific trading dates. Impact is limited to institutional traders and settlement participants in the SME segment.
Impact Justification
Operational schedule update affecting institutional trading platform participants but not market-wide impact