Description

Settlement schedule for Corporate Debt Segment (ICDM) covering T+0, T+1, and T+2 cycles for the period from January 1, 2026 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 21 trading sessions from January 1, 2026 to January 31, 2026.

Key Points

  • Settlement schedules cover 21 trading sessions in January 2026
  • Three settlement cycles provided: T+0, T+1, and T+2
  • Settlement numbers range from 2526185 to 2526205
  • Trading holidays observed on January 3-4, 10-11, 17-18, 24-26, and 31, 2026
  • All schedules include transaction date, securities/funds pay-in date, and pay-out date
  • Members must check depository settlement deadline times for respective market types

Regulatory Changes

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

Compliance Requirements

  • Market participants must adhere to the published settlement dates for securities and funds pay-in and pay-out
  • Members should transfer securities to ICCL account within depository settlement deadline times
  • Participants should refer to ICCL Notice No.20091206-01 dated December 6, 2009 for detailed settlement procedures

Important Dates

  • Effective Period: January 1, 2026 to January 31, 2026
  • First Settlement: January 1, 2026 (Settlement No. 2526185)
  • Last Settlement: January 30, 2026 (Settlement No. 2526205)
  • Non-Trading Days: January 3-4, 10-11, 17-18, 24-26, and 31, 2026

Impact Assessment

Market Impact: Minimal - This is a standard monthly settlement schedule that facilitates orderly settlement of corporate debt transactions.

Operational Impact: Low - Routine publication that provides clarity on settlement timelines for the corporate debt segment. Market participants can plan their operations and fund management accordingly. No changes to existing settlement procedures or timelines.

Impact Justification

Routine monthly settlement schedule for corporate debt segment with no policy changes or market impact