Description

BSE announces the daily settlement schedule for currency derivatives segment from January 1, 2026 to January 31, 2026, including January 2026 contract expiry details.

Summary

BSE has issued the settlement programme for the Currency Derivatives segment covering the period from January 1, 2026 to January 31, 2026. This circular outlines the daily settlement dates corresponding to each trade date during this period and specifies the expiry and final settlement dates for January 2026 currency futures contracts.

Key Points

  • Settlement schedule provided for all trading days in January 2026
  • January 2026 currency futures contracts will expire on January 28, 2026
  • Final settlement for January 2026 contracts will occur on January 30, 2026
  • Daily settlements follow T+1 basis (settlement one day after trade date)
  • Notice issued by Indian Clearing Corporation Ltd.

Regulatory Changes

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

Compliance Requirements

Market participants trading in currency derivatives segment should:

  • Note the settlement dates for margin and payment obligations
  • Be aware of the January 28, 2026 expiry date for January 2026 currency futures contracts
  • Ensure readiness for final settlement on January 30, 2026

Important Dates

  • Settlement Period: January 1, 2026 to January 31, 2026
  • January 2026 Contract Expiry: January 28, 2026 (last trading day)
  • Final Settlement Date: January 30, 2026
  • Notice Date: December 24, 2025

Impact Assessment

Market Impact: Minimal - This is a routine monthly settlement schedule that provides operational clarity for currency derivatives traders.

Operational Impact: Low - Standard settlement cycle continues with T+1 settlement for daily trades. Market participants need to note the specific expiry and final settlement dates for January 2026 contracts for position management and rollover planning.

Impact Justification

Routine monthly settlement schedule announcement for currency derivatives segment with no regulatory changes or compliance impacts