Description

BSE announces the trading and settlement schedule for the Institutional Trading Platform (ITP) - SME segment for the period from November 1, 2025 to November 30, 2025, covering 19 settlement cycles.

Summary

BSE has released the trading and settlement programme for the Institutional Trading Platform (ITP) - SME segment for November 2025. The schedule covers 19 settlement cycles from November 3, 2025 to November 28, 2025, with settlement numbers ITP-148/25-26 through ITP-166/25-26. This is a standard monthly operational schedule notification.

Key Points

  • 19 settlement cycles scheduled for November 2025
  • Settlement numbers range from ITP-148/25-26 to ITP-166/25-26
  • Depository settlement numbers: 2526148 to 2526166
  • Pay-in deadline: 9:50 AM (members must submit instructions to depositories/banks)
  • Pay-in time: 10:00 AM
  • Pay-out time: 11:00 AM for both funds and securities
  • T+1 settlement cycle (pay-in/pay-out one day after trading date, with adjustments for holidays)

Regulatory Changes

No regulatory changes announced. This is a routine operational schedule.

Compliance Requirements

  • Members must submit pay-in instructions to depositories/banks by 9:50 AM on settlement days
  • Pay-in must be completed by 10:00 AM
  • Adherence to the published settlement calendar is mandatory for ITP-SME segment participants

Important Dates

November 2025 Settlement Schedule:

  • First trading date: November 3, 2025 (Settlement ITP-148/25-26)
  • Last trading date: November 28, 2025 (Settlement ITP-166/25-26)
  • Final pay-out date: December 1, 2025

Notable gaps (likely holidays):

  • November 5, 2025 (no trading)
  • November 8-9, 2025 (no trading)
  • November 15-16, 2025 (no trading)
  • November 22-23, 2025 (no trading)
  • November 29-30, 2025 (no trading)

Impact Assessment

Market Impact: Minimal - This is a routine monthly operational schedule with no changes to settlement procedures or timings.

Operational Impact: Low - Institutional participants trading on the ITP-SME platform need to plan their operations according to this calendar, particularly noting non-trading days for the month.

Participant Impact: Affects only institutional investors and brokers participating in the ITP-SME segment, requiring adherence to specified pay-in/pay-out timings and settlement cycles.

Impact Justification

Routine monthly settlement schedule notification for ITP-SME segment with no regulatory changes or market impact, relevant only for operational planning by institutional participants