Description

BSE announces settlement schedule for Securities Lending and Borrowing (SLB) Reverse Leg Segment covering January to March 2026 with three settlement cycles.

Summary

BSE has announced the settlement program for the Securities Lending and Borrowing (SLB) Reverse Leg Segment for the period January 2026 to March 2026. The schedule includes three settlement cycles with specified obligation dates and pay-in/pay-out dates. Members must submit pay-in instructions to depositories/banks by 8:50 AM, with pay-in commencing at 9:00 AM.

Key Points

  • Three settlement cycles scheduled for Q4 FY2025-26
  • Settlement No. SLR-010/25-26: Obligation date January 5, 2026; Pay-in/Pay-out January 6, 2026
  • Settlement No. SLR-011/25-26: Obligation date February 2, 2026; Pay-in/Pay-out February 3, 2026
  • Settlement No. SLR-012/25-26: Obligation date March 2, 2026; Pay-in/Pay-out March 3, 2026
  • Pay-in timing: 9:00 AM
  • Members must submit instructions by 8:50 AM on pay-in/pay-out dates

Regulatory Changes

No regulatory changes announced. This is a routine settlement schedule notification.

Compliance Requirements

  • Members participating in SLB Reverse Leg transactions must submit pay-in instructions to depositories/banks latest by 8:50 AM on respective pay-in dates
  • Instructions must be submitted before pay-in commences at 9:00 AM
  • Compliance with depository settlement numbers: 2526010, 2526011, and 2526012

Important Dates

  • January 5, 2026: SLR-010/25-26 obligation date
  • January 6, 2026: SLR-010/25-26 pay-in/pay-out date
  • February 2, 2026: SLR-011/25-26 obligation date
  • February 3, 2026: SLR-011/25-26 pay-in/pay-out date
  • March 2, 2026: SLR-012/25-26 obligation date
  • March 3, 2026: SLR-012/25-26 pay-in/pay-out date

Impact Assessment

This notice has minimal market impact as it is a routine operational schedule for SLB Reverse Leg settlements. The impact is limited to members and participants actively engaged in securities lending and borrowing transactions. The schedule provides advance notice allowing participants to plan their operations and ensure timely submission of pay-in instructions. No changes to existing settlement procedures or timelines are introduced.

Impact Justification

Routine settlement schedule announcement for SLB Reverse Leg segment with no regulatory changes or compliance impact, affecting only participants in SLB transactions