Description
BSE announces the trading and settlement schedule for Securities Lending and Borrowing (SLB) segment for the period from November 1, 2025 to November 30, 2025.
Summary
BSE has published the trading and settlement programme for the Securities Lending and Borrowing (SLB) segment covering the period from November 1, 2025 to November 30, 2025. The circular provides settlement numbers, trading dates, and corresponding pay-in/pay-out dates for 19 settlement cycles during the month.
Key Points
- Settlement cycles run from SL-148/25-26 to SL-166/25-26
- Trading period covers November 3, 2025 to November 28, 2025
- Pay-in time is 08:00 a.m. on pay-out dates
- Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m.
- SLB 6A7A entry and confirmation occur on the same day as trading
- Pay-out dates are typically T+1 business days
Regulatory Changes
No regulatory changes introduced in this circular.
Compliance Requirements
- Members must submit pay-in instructions to Depositories/Banks latest by 07:50 a.m. on pay-in dates
- Pay-in must be completed by 08:00 a.m. on scheduled pay-in dates
- SLB 6A7A entry and confirmation must be completed on the trading date itself
Important Dates
- First trading date: November 3, 2025 (Settlement SL-148/25-26)
- Last trading date: November 28, 2025 (Settlement SL-166/25-26)
- Settlement cycle: Daily settlements with T+1 pay-out
- Notice date: October 10, 2025
Impact Assessment
This is a routine operational circular with minimal market impact. It provides standard settlement schedules that enable market participants to plan their SLB operations for November 2025. The circular maintains existing settlement processes without introducing any changes to trading or settlement mechanics. Impact is limited to operational planning for SLB participants.
Impact Justification
Routine monthly settlement schedule for SLB segment with no regulatory changes or market impact