Description

BSE announces the trading and settlement schedule for Basket Repo and Special Repo segments for the period from November 1, 2025 to November 30, 2025.

Summary

BSE has issued the trading and settlement programme for the Basket Repo and Special Repo segments for November 2025 (01.11.2025 to 30.11.2025). The circular provides detailed settlement schedules for Ready Leg T+0, Ready Leg T+1, and Forward Leg transactions, including settlement numbers, transaction dates, and pay-in/pay-out timings for 19 trading days in November 2025.

Key Points

  • Settlement schedule covers 19 trading days from November 3, 2025 to November 28, 2025
  • Settlement numbers range from 2526144 to 2526162
  • Three settlement types: Ready Leg T+0, Ready Leg T+1, and Forward Leg
  • Specific pay-in and pay-out timings defined for each settlement type
  • Issued by Indian Clearing Corporation Ltd. (ICCL)
  • References ICCL Notice No.20180525-18 dated May 25, 2018 for additional details

Settlement Timings

Ready Leg T+0:

  • Pay-in Time: 02:15 PM
  • Basket Repo Pay-out: By 03:00 PM
  • Special Repo Pay-in/Payout: By 03:00 PM

Ready Leg T+1:

  • Pay-in Time: 02:15 PM
  • Basket Repo Pay-out: By 03:00 PM
  • Special Repo Pay-in/Payout: By 01:00 PM

Forward Leg:

  • Pay-in Time: 02:15 PM
  • Basket Repo Pay-out: By 03:00 PM
  • Special Repo Pay-in/Payout: By 03:00 PM

Important Dates

  • Programme Period: November 1, 2025 to November 30, 2025
  • First Trading Day: November 3, 2025 (Settlement No. 2526144)
  • Last Trading Day: November 28, 2025 (Settlement No. 2526162)
  • First Pay-out Date (T+1): November 4, 2025
  • Last Pay-out Date: December 1, 2025 (for November 28 transactions)

Trading Days Excluded

  • November 1, 2, 5, 8, 9, 15, 16, 22, 23, 29, 30, 2025 (weekends and holidays)

Compliance Requirements

  • Market participants must adhere to specified settlement timings for securities and funds pay-in and pay-out
  • Refer to ICCL Notice No.20180525-18 dated May 25, 2018 for detailed operational guidelines
  • All transactions must follow the T+0 or T+1 settlement cycle as applicable

Impact Assessment

This is a routine operational circular with minimal market impact. It provides necessary administrative information for participants in the Basket Repo and Special Repo segments to plan their November 2025 trading and settlement activities. The settlement schedule follows standard procedures with no changes to existing frameworks or timings.

Impact Justification

Routine monthly settlement schedule for repo segment operations with no regulatory changes or market impact beyond standard operational procedures