Description

BSE announces the trading and settlement schedule for Securities Lending and Borrowing (SLB) segment for the period from January 1, 2026 to January 31, 2026, detailing settlement numbers, trading dates, and pay-in/pay-out dates.

Summary

BSE has published the trading and settlement programme for the Securities Lending and Borrowing (SLB) segment for January 2026. The circular provides a detailed calendar of 21 settlement cycles (SL-189/25-26 through SL-209/25-26) covering the period from January 1, 2026 to January 31, 2026, including trading dates, depository settlement numbers, 6A7A entry and confirmation dates, and pay-in/pay-out dates.

Key Points

  • Settlement schedule covers 21 trading days in January 2026
  • First settlement: SL-189/25-26 on January 1, 2026
  • Last settlement: SL-209/25-26 on January 30, 2026
  • Pay-in time: 08:00 a.m. on designated pay-out dates
  • Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m.
  • No trading on weekends (January 4-5, 11-12, 18-19, 25-26) and public holidays (January 26 - Republic Day)
  • 6A7A entry and confirmation occur on the same day as trading date
  • Pay-out follows T+1 settlement cycle (next business day)

Regulatory Changes

No regulatory changes are introduced in this circular. This is a standard operational schedule publication.

Compliance Requirements

  • Trading members must adhere to the published settlement schedule
  • Members are required to submit pay-in instructions to Depositories/Banks latest by 07:50 a.m. on pay-in dates
  • Pay-in must be completed by 08:00 a.m. on the designated pay-in/pay-out date
  • All SLB trades must follow the specified 6A7A entry and confirmation timeline

Important Dates

Settlement Period: January 1, 2026 to January 31, 2026

Key Trading Days:

  • January 1, 2, 5, 6, 7, 8, 9, 12, 13, 14, 15, 16, 19, 20, 21, 22, 23, 27, 28, 29, 30 (21 trading days)

Non-Trading Days:

  • Weekends: January 4-5, 11-12, 18-19, 25-26
  • Republic Day Holiday: January 26, 2026

Pay-in Deadline: 07:50 a.m. daily Pay-in Time: 08:00 a.m. daily

Impact Assessment

Market Impact: Minimal - This is a routine operational circular that maintains continuity in SLB segment operations.

Operational Impact: Low - Standard settlement cycle continues with T+1 settlement for all SLB transactions. Market participants can plan their lending and borrowing activities based on the published schedule.

Participant Impact: The schedule enables SLB segment participants to:

  • Plan securities lending and borrowing transactions for January 2026
  • Ensure adequate liquidity and securities availability for settlement
  • Coordinate with depositories and banks for timely pay-in submissions

Continuity: The settlement cycle follows the established pattern with consistent timelines for 6A7A entries, confirmations, and pay-in/pay-out processes.

Impact Justification

Routine monthly settlement schedule publication for SLB segment with no regulatory changes or compliance impact, primarily informational for operational planning.