Description
BSE announces the settlement schedule for Securities Lending and Borrowing (SLB) reverse leg segment covering three settlement cycles from January to March 2026.
Summary
BSE has published the settlement program for the Securities Lending and Borrowing (SLB) Reverse Leg Segment covering the quarter from January 2026 to March 2026. The notice outlines three settlement cycles with corresponding depository settlement numbers, obligation dates, and pay-in/pay-out dates. This is a routine operational schedule issued by Indian Clearing Corporation Ltd.
Key Points
- Three settlement cycles scheduled for Q4 FY2025-26 (January-March 2026)
- Settlement SLR-010/25-26: Obligation date January 5, 2026; Pay-in/Pay-out January 6, 2026
- Settlement SLR-011/25-26: Obligation date February 2, 2026; Pay-in/Pay-out February 3, 2026
- Settlement SLR-012/25-26: Obligation date March 2, 2026; Pay-in/Pay-out March 3, 2026
- Pay-in time fixed at 09:00 a.m. on pay-in/pay-out dates
- Members must submit pay-in instructions to Depositories/banks by 08:50 a.m.
- Issued by Indian Clearing Corporation Ltd.
Regulatory Changes
No regulatory changes introduced. This is a standard operational schedule announcement.
Compliance Requirements
- Members participating in SLB reverse leg segment must adhere to the published settlement schedule
- Pay-in instructions must be submitted to Depositories or banks latest by 08:50 a.m. on settlement dates
- Members must ensure timely fulfillment of obligations on specified obligation dates
Important Dates
| Settlement No. | Depository Settlement No. | Obligation Date | Pay-in/Pay-out Date |
|---|---|---|---|
| SLR-010/25-26 | 2526010 | January 5, 2026 | January 6, 2026 |
| SLR-011/25-26 | 2526011 | February 2, 2026 | February 3, 2026 |
| SLR-012/25-26 | 2526012 | March 2, 2026 | March 3, 2026 |
Pay-in Deadline: 08:50 a.m. on each pay-in/pay-out date Pay-in Time: 09:00 a.m. on each pay-in/pay-out date
Impact Assessment
This circular has minimal market impact as it is a routine settlement schedule for the SLB reverse leg segment. It affects only market participants engaged in securities lending and borrowing activities. The schedule provides operational clarity for the upcoming quarter, enabling members to plan their settlement obligations. No changes to existing procedures or timelines are introduced. The tight 10-minute window between instruction submission deadline (08:50 a.m.) and pay-in time (09:00 a.m.) requires members to ensure prompt processing of settlement instructions.
Impact Justification
Routine settlement schedule announcement for SLB reverse leg segment affecting only participants in securities lending and borrowing activities. No regulatory changes or immediate compliance actions required.