Description

Settlement schedule for currency derivatives segment covering the period from December 1, 2025 to December 31, 2025, including daily settlement dates and December 2025 contract expiry details.

Summary

BSE has published the settlement programme for the Currency Derivatives Segment for December 2025. The circular outlines daily settlement dates corresponding to each trade date from December 1, 2025 to December 31, 2025. The December 2025 currency futures contracts will expire on December 29, 2025, with final settlement on December 31, 2025.

Key Points

  • Settlement schedule covers the period from December 1, 2025 to December 31, 2025
  • Daily settlement occurs on T+1 basis (next trading day after trade date)
  • December 2025 currency futures contracts expire on December 29, 2025
  • Final settlement for December 2025 contracts will be on December 31, 2025
  • Total of 20 trading days in December 2025 for currency derivatives
  • Markets closed on December 25, 2025

Regulatory Changes

No regulatory changes. This is a standard monthly settlement schedule announcement.

Compliance Requirements

  • Market participants must adhere to the published settlement schedule
  • Settlement obligations for each trade date must be fulfilled by the corresponding settlement date
  • Positions in December 2025 currency futures must be squared off or settled by the expiry date of December 29, 2025

Important Dates

  • Settlement Period: December 1, 2025 to December 31, 2025
  • December 2025 Futures Expiry: December 29, 2025 (last trading day)
  • Final Settlement Date: December 31, 2025
  • Market Holiday: December 25, 2025 (no trading)
  • Year-end Settlement: December 31, 2025 settlement date falls on New Year’s Eve

Impact Assessment

Market Impact: Minimal. This is a routine monthly settlement schedule that provides operational clarity to currency derivatives market participants.

Operational Impact: Low. The schedule follows standard T+1 settlement convention. Market participants should note that the December futures expiry falls on December 29, 2025 (Monday), with final settlement on December 31, 2025 (Wednesday), which coincides with year-end.

Trading Impact: No impact on trading strategies. The schedule is consistent with normal market operations, though participants should plan for year-end settlement timelines.

Impact Justification

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