Description
SLB reverse leg settlement day revised from first Thursday to first Tuesday of the month, effective October 2025.
Summary
BSE announces revision of SLB (Securities Lending and Borrowing) reverse leg settlement day from the first Thursday of the month to the first Tuesday of the month, effective for contracts expiring from October 2025 onwards. This change follows ICCL Circular No. 20250826-50 dated August 26, 2025.
Key Points
- Settlement day changed from first Thursday to first Tuesday of the month
- Effective for contracts expiring from October 2025 onwards
- First revised expiry date: Tuesday, October 07, 2025
- EOD files will reflect new expiry day from September 08, 2025
Regulatory Changes
- SLB reverse leg settlement day timing modified
- Change aligned with Indian Clearing Corporation Ltd. circular
- New settlement schedule applies to all future SLB contracts
Compliance Requirements
- Market participants must adjust their SLB settlement processes
- Update systems to reflect new expiry day schedule
- Ensure compliance with revised settlement timeline
Important Dates
- September 08, 2025: Effective date for EOD file updates
- October 07, 2025: First revised expiry date (Tuesday)
- October 2025: First month with new settlement schedule
Impact Assessment
This operational change will affect SLB market participants who need to adjust their settlement processes and system configurations. The shift from Thursday to Tuesday settlement may impact cash flow planning and operational schedules for securities lending and borrowing activities.
Impact Justification
Operational change affecting SLB settlement procedures for market participants