Description
BSE announces the trading and settlement schedule for Basket Repo and Special Repo segments covering the period from January 1, 2026 to January 31, 2026, including settlement timings and procedures.
Summary
BSE has published the trading and settlement programme for the Basket Repo and Special Repo segments for January 2026 (January 1-31, 2026). The circular provides detailed settlement schedules for Ready Leg T+0, Ready Leg T+1, and Forward Leg transactions, along with specific settlement timings for securities and funds pay-in/pay-out.
Key Points
- Settlement schedules cover 21 settlement numbers (2526185 to 2526205) for trading days in January 2026
- Three settlement types: Ready Leg T+0, Ready Leg T+1, and Forward Leg
- Ready Leg T+0: Same-day transaction, pay-in, and pay-out
- Ready Leg T+1: Transaction on T, settlement on T+1 (next business day)
- Forward Leg: Transaction on T, settlement on T+1
- Excludes weekends and holidays (gaps visible on January 3-4, 10-11, 17-18, 24-26, 31)
- Settlement timings vary by repo type and leg
Regulatory Changes
No regulatory changes. This is a standard operational schedule publication.
Compliance Requirements
Market participants in Basket Repo and Special Repo segments must:
- Adhere to the published settlement schedule
- Comply with specified pay-in timings (2:15 PM for all types)
- Follow the designated pay-out timings based on settlement type
- Refer to ICCL Notice No.20180525-18 dated May 25, 2018 for detailed 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), with pay-out on February 2, 2026 for T+1
- Non-Trading Days in January 2026: January 3-4, 10-11, 17-18, 24-26, 31 (weekends/holidays)
Settlement Timings
| Settlement Type | Pay-in Time | Basket Repo Pay-out | Special Repo Pay-out |
|---|---|---|---|
| Ready Leg T+0 | 2:15 PM | By 3:00 PM | By 3:00 PM |
| Ready Leg T+1 | 2:15 PM | By 3:00 PM | By 1:00 PM |
| Forward Leg | 2:15 PM | By 3:00 PM | By 3:00 PM |
Impact Assessment
Minimal impact - this is a routine monthly schedule publication. Market participants already familiar with repo segment operations will continue with established procedures. The schedule provides necessary operational clarity for January 2026 trading activities in the Basket Repo and Special Repo segments administered by Indian Clearing Corporation Ltd (ICCL).
Impact Justification
Routine operational circular announcing monthly trading and settlement schedule for repo segments. Standard procedural notice with no regulatory changes or compliance requirements.