Description

Daily settlement schedule for currency derivatives segment from November 1 to November 30, 2025, including expiry details for November 2025 contracts.

Summary

BSE has announced the daily settlement programme for the Currency Derivatives Segment for the period from November 1, 2025 to November 30, 2025. The circular specifies trade dates and their corresponding settlement dates, along with details of the contract expiry for November 2025.

Key Points

  • Settlement schedule covers the entire month of November 2025
  • Daily settlements follow T+2 settlement cycle (trade date plus 2 working days)
  • November 2025 currency futures contracts expiry: November 26, 2025
  • Final settlement for November 2025 contracts: November 28, 2025
  • Issued by Indian Clearing Corporation Ltd.

Regulatory Changes

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

Compliance Requirements

Market participants trading in currency derivatives must:

  • Adhere to the specified settlement dates for their trades
  • Ensure adequate margins and funds availability on settlement dates
  • Note the expiry date for November 2025 contracts (November 26, 2025)
  • Complete final settlement obligations by November 28, 2025 for expiring contracts

Important Dates

  • Settlement Period: November 1, 2025 to November 30, 2025
  • November 2025 Contract Expiry (Last Trading Day): November 26, 2025
  • Final Settlement Date for November 2025 Contracts: November 28, 2025
  • Notice Date: October 10, 2025

Complete Settlement Schedule

Trade DateDaily Settlement Date
03-11-202504-11-2025
04-11-202506-11-2025
06-11-202507-11-2025
07-11-202510-11-2025
10-11-202511-11-2025
11-11-202512-11-2025
12-11-202513-11-2025
13-11-202514-11-2025
14-11-202517-11-2025
17-11-202518-11-2025
18-11-202519-11-2025
19-11-202520-11-2025
20-11-202521-11-2025
21-11-202524-11-2025
24-11-202525-11-2025
25-11-202526-11-2025
26-11-202527-11-2025
27-11-202528-11-2025
28-11-202501-12-2025

Impact Assessment

Market Impact: Minimal - This is a routine administrative circular that provides necessary operational information for settlement scheduling.

Operational Impact: Low - Market participants need to note the settlement schedule for planning their fund and margin requirements. The settlement cycle follows standard T+2 pattern.

Trading Impact: None - No changes to trading rules or procedures. Traders must be aware of the November 26, 2025 expiry date for November 2025 currency futures contracts to manage their positions accordingly.

Segment Affected: Currency Derivatives Segment only.

Impact Justification

Routine administrative circular providing standard monthly settlement schedule for currency derivatives segment with no policy changes or market impact