Description

BSE announces the daily settlement schedule for currency derivatives segment for the period from November 1, 2025 to November 30, 2025, including expiry details for November 2025 currency futures contracts.

Summary

BSE has published the settlement programme for the Currency Derivatives Segment covering the period from November 1, 2025 to November 30, 2025. The circular provides the daily settlement dates corresponding to each trade date during this period. The November 2025 currency futures contracts will expire on November 26, 2025, with final settlement on November 28, 2025.

Key Points

  • Settlement schedule covers November 1-30, 2025 for currency derivatives
  • Daily settlement occurs on T+2 basis (two business days after trade date)
  • November 2025 currency futures contracts expire on November 26, 2025
  • Final settlement for November expiry contracts is November 28, 2025
  • Schedule accounts for weekends and holidays with appropriate settlement date adjustments

Regulatory Changes

No regulatory changes introduced. This is a routine operational notice.

Compliance Requirements

  • Market participants must note the settlement dates for fund and position management
  • Traders must be aware of the November 26, 2025 expiry date for November 2025 currency futures
  • Members must ensure adequate funds/margins are available on respective settlement dates

Important Dates

  • November 1-30, 2025: Settlement programme period
  • November 26, 2025: Last trading day (expiry) for November 2025 currency futures contracts
  • November 28, 2025: Final settlement date for November 2025 currency futures expiry
  • Daily settlements follow T+2 schedule throughout the month

Impact Assessment

Market Impact: Minimal. This is a routine administrative notice providing operational information.

Operational Impact: Low. Market participants and members need to note the settlement schedule for planning purposes, particularly the expiry date for November contracts. The schedule follows standard T+2 settlement conventions with no disruptions expected.

Impact Justification

Routine administrative circular providing settlement schedule for currency derivatives. No policy changes or market impact, purely operational information for planning purposes.