Description
BSE updates SLB segment trading and settlement schedule for September 2025 with revised pay-in/pay-out dates following RBI settlement calendar changes.
Summary
BSE has revised the trading and settlement programme for the Securities Lending and Borrowing (SLB) segment for September 2025, incorporating changes from the RBI settlement calendar announced on September 4, 2025.
Key Points
- Revised settlement schedule covers period from September 1-30, 2025
- 22 settlement cycles (SL-105 to SL-126) with corresponding depository settlement numbers
- Special timing arrangements for settlements SL-108, SL-109, SL-110, and SL-111 due to holidays
- Standard pay-in timing at 08:00 a.m. with instructions required by 07:50 a.m.
- Modified timings for specific settlement dates with second pay-in/pay-out cycles
Regulatory Changes
Schedule updated following RBI press release dated September 4, 2025 regarding settlement calendar changes.
Compliance Requirements
- Members must submit pay-in instructions to depositories/banks by specified deadlines
- Standard deadline: 07:50 a.m. for 08:00 a.m. pay-in
- Modified deadline: 10:05 a.m. for 10:15 a.m. pay-in (applicable to specific dates)
- All SLB trading dates require same-day 6A7A entry and confirmation
Important Dates
- Effective Period: September 1-30, 2025
- Special Settlement Dates: September 9-10, 2025 (dual pay-in/pay-out cycles)
- Settlement Numbers: SL-105/25-26 through SL-126/25-26
- Final Settlement: September 30, 2025 (pay-out October 1, 2025)
Impact Assessment
Routine operational update affecting SLB market participants. The revised schedule ensures proper settlement cycles while accommodating holiday periods. Members must adjust internal processes to comply with modified timing requirements for specific settlement dates.
Impact Justification
Routine operational update affecting SLB segment participants with specific timing requirements