Description

BSE announces the trading and settlement schedule for Securities Lending and Borrowing (SLB) segment covering all trading days in December 2025 with settlement numbers and timelines.

Summary

BSE has issued Notice No. 20251113-32 announcing the trading and settlement programme for the Securities Lending and Borrowing (SLB) segment for the period from December 1, 2025 to December 31, 2025. The circular provides a detailed schedule of 22 settlement cycles (SL-167/25-26 through SL-188/25-26) covering all trading days in December 2025, including corresponding depository settlement numbers, trading dates, entry and confirmation dates, and pay-in/pay-out dates.

Key Points

  • Settlement schedule covers 22 trading days in December 2025
  • Settlement numbers range from SL-167/25-26 to SL-188/25-26
  • Corresponding depository settlement numbers: 2526167 to 2526188
  • SLB trading, 6A7A entry, and 6A7A confirmation occur on the same day
  • Pay-in/Pay-out occurs on T+1 basis (next trading day)
  • Pay-in time is 08:00 a.m., with members required to submit instructions by 07:50 a.m.
  • Market holidays observed: December 6-7, 13-14, 20-21, 25, 27-28, 2025

Regulatory Changes

No regulatory changes introduced. This is a routine operational schedule notification.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/Banks latest by 07:50 a.m. on the pay-in/pay-out date
  • Pay-in must be completed by 08:00 a.m. on the specified pay-in/pay-out date
  • All participants in SLB segment must adhere to the published settlement schedule

Important Dates

  • Effective Period: December 1, 2025 to December 31, 2025
  • First Settlement: SL-167/25-26 - Trading date December 1, 2025, Pay-in/Pay-out December 2, 2025
  • Last Settlement: SL-188/25-26 - Trading date December 31, 2025, Pay-in/Pay-out January 1, 2026
  • Holiday Dates: December 6, 7, 13, 14, 20, 21, 25, 27, 28, 2025 (no settlements scheduled)

Impact Assessment

Market Impact: Minimal. This is a standard operational circular providing advance notice of settlement schedules to facilitate planning and operations.

Operational Impact: Low. The settlement cycle follows the established T+1 pattern with same-day entry and confirmation, maintaining consistency with existing SLB segment operations.

Participant Action Required: Routine - participants should note the settlement schedule and ensure timely submission of pay-in instructions as per the specified deadlines. No changes to existing processes or systems are required.

Impact Justification

Routine operational circular providing standard monthly trading and settlement schedule for SLB segment with no changes to procedures or regulations