Description
BSE announces daily settlement schedule for Futures & Options segment covering the period from December 1, 2025 to December 31, 2025.
Summary
BSE has published the settlement programme for the Futures & Options (F&O) segment for December 2025. The circular outlines the daily settlement dates corresponding to each trade date from December 1, 2025 to December 31, 2025. This is a routine administrative notice establishing the settlement calendar for derivatives trading.
Key Points
- Settlement schedule covers December 1-31, 2025
- Daily settlements follow T+1 settlement cycle (next business day)
- Final settlement for December 31, 2025 trades will occur on January 1, 2026
- Notice issued by Indian Clearing Corporation Ltd.
- No trading holidays scheduled within the covered period except December 25, 2025
Regulatory Changes
No regulatory changes. This is a routine operational schedule announcement.
Compliance Requirements
- Market participants must ensure funds and securities are available for settlement on designated dates
- Trading members must adhere to the published settlement schedule for margin requirements and pay-in/pay-out obligations
- All F&O trades must be settled according to the specified timeline
Important Dates
- December 1, 2025: First trade date of the month, settlement on December 2, 2025
- December 25, 2025: Trading holiday observed (no trade date)
- December 31, 2025: Last trade date of the month, settlement on January 1, 2026
- Effective Period: December 1-31, 2025
Impact Assessment
Market Impact: Minimal. This is a standard monthly settlement schedule that enables market participants to plan their cash flows and settlement obligations for December 2025.
Operational Impact: Low. Market participants and clearing members should note the December 25 holiday gap and the year-end settlement on January 1, 2026. No changes to existing settlement procedures or cycles.
Impact Justification
Routine monthly settlement schedule announcement with no policy changes or market disruptions