Description

Settlement schedule for currency derivatives segment from January 1-31, 2026, including daily settlement dates and January 2026 contract expiry details.

Summary

BSE has announced the settlement programme for the Currency Derivatives Segment for January 2026. The circular provides the complete schedule of trade dates and corresponding daily settlement dates for the entire month. The January 2026 currency futures contracts will expire on January 28, 2026, with final settlement on January 30, 2026.

Key Points

  • Settlement schedule covers the period from January 1, 2026 to January 31, 2026
  • Daily settlements follow T+1 cycle (settlement one day after trade date)
  • January 2026 currency futures contracts expire on January 28, 2026
  • Final settlement for January 2026 contracts will occur on January 30, 2026
  • Last trading date in January is January 30, 2026, settling on February 2, 2026
  • No trading holidays during the month except weekends

Regulatory Changes

No regulatory changes introduced. This is a standard monthly settlement schedule announcement.

Compliance Requirements

Market participants and clearing members must:

  • Adhere to the published settlement dates for all currency derivative trades
  • Complete final settlement obligations for expiring January 2026 contracts by January 30, 2026
  • Ensure adequate margins and funds availability on respective settlement dates

Important Dates

  • Schedule Period: January 1, 2026 to January 31, 2026
  • January 2026 Contract Expiry: January 28, 2026 (last trading day)
  • Final Settlement Date: January 30, 2026 (for January 2026 contracts)
  • First Settlement: January 2, 2026 (for trades on January 1, 2026)
  • Last Settlement in Period: February 2, 2026 (for trades on January 30, 2026)

Impact Assessment

Market Impact: Minimal. This is a routine administrative circular providing the standard monthly settlement calendar.

Operational Impact: Low. Market participants need to note the settlement dates for treasury and fund management purposes. The T+1 settlement cycle remains unchanged.

Trading Impact: Traders in currency derivatives should note that January 28, 2026 is the last trading day for January 2026 contracts, allowing them to plan position rollovers or closures accordingly.

Impact Justification

Routine monthly settlement schedule for currency derivatives with no changes to trading rules or operational procedures