Description

BSE announces the trading and settlement schedule for the Corporate Debt Segment (ICDM) covering T+0, T+1, and T+2 settlement cycles for the period from January 1 to January 31, 2026.

Summary

BSE has published the trading and settlement programme for the Corporate Debt Segment (ICDM) for January 2026. The circular provides detailed settlement schedules for three settlement cycles: T+0, T+1, and T+2, covering all trading days from January 1 to January 31, 2026. Settlement numbers range from 2526185 to 2526205.

Key Points

  • Settlement schedules provided for T+0, T+1, and T+2 cycles in the ICDM segment
  • Trading days exclude weekends and Republic Day (January 26, 2026)
  • Total of 21 settlement numbers allocated for the month (2526185-2526205)
  • Participants must check depository settlement deadline times for respective market types
  • Securities must be transferred to ICCL account within specified timelines

Regulatory Changes

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

Compliance Requirements

  • Market participants must adhere to the published settlement schedule
  • Securities/funds pay-in and pay-out must occur on specified dates
  • Participants should refer to ICCL Notice No.20091206-01 dated December 6, 2009 for depository settlement deadline details
  • Timely transfer of securities to ICCL account is mandatory

Important Dates

  • Effective Period: January 1, 2026 to January 31, 2026
  • Trading Holiday: January 26, 2026 (Republic Day)
  • First Settlement: January 1, 2026 (Settlement No. 2526185)
  • Last Settlement Pay-in: January 30, 2026 (T+0), February 2, 2026 (T+1), February 3, 2026 (T+2)

Impact Assessment

Market Impact: Low - This is a standard monthly settlement calendar with no changes to existing processes or procedures.

Operational Impact: Low - Market participants can plan their corporate debt segment operations based on the published schedule. The settlement cycles follow established patterns with T+0 (same-day), T+1 (next-day), and T+2 (two-day) settlement options.

Participant Action: Information only - No special action required beyond following the published settlement calendar for ICDM transactions during January 2026.

Impact Justification

Routine monthly settlement schedule for corporate debt segment with no regulatory changes or compliance requirements beyond operational calendar