Description

BSE announces the trading and settlement schedule for the Institutional Trading Platform (ITP) SME segment covering the period from January 1, 2026 to January 31, 2026.

Summary

BSE has published the trading and settlement programme for the Institutional Trading Platform (ITP) - SME Segment for January 2026. The circular provides the complete settlement calendar covering 21 trading days from January 1, 2026 to January 30, 2026, with corresponding pay-in and pay-out dates following a T+1 settlement cycle.

Key Points

  • Settlement period covers January 1, 2026 to January 30, 2026
  • 21 settlement cycles scheduled for the month (ITP-189/25-26 through ITP-209/25-26)
  • T+1 settlement cycle maintained (trading day + 1 business day for settlement)
  • Pay-in deadline: 9:50 AM (members must submit instructions to depositories/banks)
  • Pay-in time: 10:00 AM
  • Pay-out time: 11:00 AM (funds and securities)
  • Depository settlement numbers: 2526189 through 2526209

Regulatory Changes

No regulatory changes. This is a routine settlement schedule publication.

Compliance Requirements

  • Members must submit pay-in instructions to depositories/banks latest by 9:50 AM on settlement day
  • Pay-in must be completed at 10:00 AM
  • Settlement applies to Indian Clearing Corporation Ltd.

Important Dates

Settlement Schedule (Selected dates):

  • January 1, 2026 (Trading) → January 2, 2026 (Settlement)
  • January 2, 2026 (Trading) → January 5, 2026 (Settlement)
  • January 23, 2026 (Trading) → January 27, 2026 (Settlement)
  • January 30, 2026 (Trading) → February 2, 2026 (Settlement)

Non-trading days observed: January 3-4, 10-11, 17-18, 24-26, 31 (weekends and holidays)

Impact Assessment

Minimal impact. This is a routine administrative circular providing the monthly settlement calendar for market participants trading on the ITP-SME platform. The schedule maintains standard T+1 settlement procedures with no changes to existing operational framework. Members can plan their settlement obligations and liquidity management for January 2026 based on this calendar.

Impact Justification

Routine monthly settlement schedule publication for ITP-SME segment with standard T+1 settlement cycle. No policy changes or new requirements.