Description
Daily settlement schedule for Futures & Options segment covering the period from November 1, 2025 to November 30, 2025.
Summary
BSE has announced the settlement programme for the Futures & Options (F&O) segment for November 2025. This circular provides the daily settlement schedule mapping trade dates to their corresponding settlement dates for the entire month, covering trading activity from November 1, 2025 to November 30, 2025.
Key Points
- Settlement schedule covers November 2025 (01.11.2025 to 30.11.2025)
- Daily settlement dates are typically T+2 (trade date plus 2 working days)
- Schedule accounts for trading holidays and weekends
- Issued by Indian Clearing Corporation Ltd.
- Notice Number: 20251010-38
- Category: Settlement/RMS
- Segment: Derivatives
Settlement Schedule
The circular provides a detailed mapping of trade dates to daily settlement dates:
- November 3, 2025 trades settle on November 4, 2025
- November 4, 2025 trades settle on November 6, 2025
- November 6, 2025 trades settle on November 7, 2025
- November 7, 2025 trades settle on November 10, 2025
- November 10, 2025 trades settle on November 11, 2025
- November 11, 2025 trades settle on November 12, 2025
- November 12, 2025 trades settle on November 13, 2025
- November 13, 2025 trades settle on November 14, 2025
- November 14, 2025 trades settle on November 17, 2025
- November 17, 2025 trades settle on November 18, 2025
- November 18, 2025 trades settle on November 19, 2025
- November 19, 2025 trades settle on November 20, 2025
- November 20, 2025 trades settle on November 21, 2025
- November 21, 2025 trades settle on November 24, 2025
- November 24, 2025 trades settle on November 25, 2025
- November 25, 2025 trades settle on November 26, 2025
- November 26, 2025 trades settle on November 27, 2025
- November 27, 2025 trades settle on November 28, 2025
- November 28, 2025 trades settle on December 1, 2025
Regulatory Changes
No regulatory changes. This is a routine operational schedule announcement.
Compliance Requirements
- Trading members must ensure timely payment and delivery obligations as per the settlement schedule
- Clearing members should plan for settlement obligations based on the published dates
- All F&O segment participants must adhere to the daily settlement cycle as specified
Important Dates
- Effective Period: November 1, 2025 to November 30, 2025
- Notice Date: October 10, 2025
- First Settlement Date: November 4, 2025 (for November 3 trades)
- Last Settlement Date: December 1, 2025 (for November 28 trades)
Impact Assessment
Market Impact: Minimal. This is a standard monthly operational circular.
Operational Impact: Trading and clearing members need to note the settlement calendar for November 2025 to ensure proper funds and securities management. The schedule shows standard T+2 settlement with adjustments for weekends and holidays, maintaining business continuity in the derivatives segment.
Stakeholder Impact: All F&O segment participants including brokers, clearing members, and institutional traders should reference this schedule for planning their settlement obligations and liquidity management during November 2025.
Impact Justification
Routine operational circular providing monthly settlement schedule for F&O segment with no policy changes or market impact