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 1, 2025 to November 30, 2025, following the standard T+1 settlement cycle. Members must submit pay-in instructions by 9:50 AM with pay-in at 10:00 AM, and pay-out of funds and securities will be effected by 11:00 AM.
Key Points
- 19 settlement cycles scheduled for November 2025 (ITP-148/25-26 through ITP-166/25-26)
- T+1 settlement cycle maintained throughout the month
- Trading dates: November 3, 4, 6, 7, 10, 11, 12, 13, 14, 17, 18, 19, 20, 21, 24, 25, 26, 27, 28, 2025
- Corresponding pay-in/pay-out dates range from November 4, 2025 to December 1, 2025
- Pay-in instructions must be submitted to Depositories/banks by 9:50 AM
- Pay-in timing: 10:00 AM
- Pay-out timing: 11:00 AM
- Notice issued by Indian Clearing Corporation Ltd.
Regulatory Changes
No regulatory changes announced. This is a routine operational schedule publication.
Compliance Requirements
- Members must submit pay-in instructions to Depositories/banks latest by 9:50 AM on pay-in days
- Members must ensure timely pay-in of funds and securities by 10:00 AM
- Members must adhere to the published settlement schedule for all ITP-SME transactions
Important Dates
- Schedule Period: November 1, 2025 to November 30, 2025
- First Settlement: ITP-148/25-26 - Trading Date: November 3, 2025, Pay-in/Pay-out: November 4, 2025
- Last Settlement: ITP-166/25-26 - Trading Date: November 28, 2025, Pay-in/Pay-out: December 1, 2025
- Pay-in Deadline: 9:50 AM on each pay-in date
- Pay-in Time: 10:00 AM
- Pay-out Time: 11:00 AM
Settlement Schedule Table
| Settlement No. | Depository No. | ITP Trading Date | ITP Pay-in/Pay-out Date |
|---|---|---|---|
| ITP-148/25-26 | 2526148 | 03-11-2025 | 04-11-2025 |
| ITP-149/25-26 | 2526149 | 04-11-2025 | 06-11-2025 |
| ITP-150/25-26 | 2526150 | 06-11-2025 | 07-11-2025 |
| ITP-151/25-26 | 2526151 | 07-11-2025 | 10-11-2025 |
| ITP-152/25-26 | 2526152 | 10-11-2025 | 11-11-2025 |
| ITP-153/25-26 | 2526153 | 11-11-2025 | 12-11-2025 |
| ITP-154/25-26 | 2526154 | 12-11-2025 | 13-11-2025 |
| ITP-155/25-26 | 2526155 | 13-11-2025 | 14-11-2025 |
| ITP-156/25-26 | 2526156 | 14-11-2025 | 17-11-2025 |
| ITP-157/25-26 | 2526157 | 17-11-2025 | 18-11-2025 |
| ITP-158/25-26 | 2526158 | 18-11-2025 | 19-11-2025 |
| ITP-159/25-26 | 2526159 | 19-11-2025 | 20-11-2025 |
| ITP-160/25-26 | 2526160 | 20-11-2025 | 21-11-2025 |
| ITP-161/25-26 | 2526161 | 21-11-2025 | 24-11-2025 |
| ITP-162/25-26 | 2526162 | 24-11-2025 | 25-11-2025 |
| ITP-163/25-26 | 2526163 | 25-11-2025 | 26-11-2025 |
| ITP-164/25-26 | 2526164 | 26-11-2025 | 27-11-2025 |
| ITP-165/25-26 | 2526165 | 27-11-2025 | 28-11-2025 |
| ITP-166/25-26 | 2526166 | 28-11-2025 | 01-12-2025 |
Impact Assessment
Market Impact: Minimal. This is a routine operational announcement that maintains the existing T+1 settlement cycle for the ITP-SME segment.
Operational Impact: Low. The schedule provides advance notice to institutional traders and clearing members to plan their operations for November 2025. The timing and procedures remain consistent with previous months.
Affected Participants: Institutional traders operating in the SME segment through ITP, clearing members, depositories, and banks involved in settlement processes.
Business Continuity: The schedule accounts for weekends and maintains regular trading days with corresponding next-day settlements (T+1), ensuring smooth market operations throughout November 2025.
Impact Justification
Routine monthly settlement schedule announcement for ITP-SME segment with standard T+1 settlement cycle. No policy changes or market impact, purely operational calendar information for institutional traders.