Description
BSE announces the trading and settlement schedule for the Institutional Trading Platform (ITP) - SME segment from January 1 to January 31, 2026, covering 21 settlement cycles.
Summary
BSE has published the trading and settlement programme for the Institutional Trading Platform (ITP) - SME segment for the period from January 1, 2026 to January 31, 2026. The notice details 21 settlement cycles (ITP-189/25-26 through ITP-209/25-26) with corresponding trading dates and pay-in/pay-out dates. This is a routine operational schedule published by the Indian Clearing Corporation Ltd.
Key Points
- Settlement programme covers 21 trading days in January 2026
- Settlement numbers range from ITP-189/25-26 to ITP-209/25-26
- Depository settlement numbers range from 2526189 to 2526209
- Pay-in timing: 10:00 a.m. (members must submit instructions by 9:50 a.m.)
- Pay-out timing: Funds and securities will be effected by 11:00 a.m.
- Notice issued by Indian Clearing Corporation Ltd.
Settlement Schedule
January 2026 ITP-SME Settlement Calendar:
| Settlement No. | Trading Date | Pay-in/Pay-out Date |
|---|---|---|
| ITP-189/25-26 | 01-01-2026 | 02-01-2026 |
| ITP-190/25-26 | 02-01-2026 | 05-01-2026 |
| ITP-191/25-26 | 05-01-2026 | 06-01-2026 |
| ITP-192/25-26 | 06-01-2026 | 07-01-2026 |
| ITP-193/25-26 | 07-01-2026 | 08-01-2026 |
| ITP-194/25-26 | 08-01-2026 | 09-01-2026 |
| ITP-195/25-26 | 09-01-2026 | 12-01-2026 |
| ITP-196/25-26 | 12-01-2026 | 13-01-2026 |
| ITP-197/25-26 | 13-01-2026 | 14-01-2026 |
| ITP-198/25-26 | 14-01-2026 | 15-01-2026 |
| ITP-199/25-26 | 15-01-2026 | 16-01-2026 |
| ITP-200/25-26 | 16-01-2026 | 19-01-2026 |
| ITP-201/25-26 | 19-01-2026 | 20-01-2026 |
| ITP-202/25-26 | 20-01-2026 | 21-01-2026 |
| ITP-203/25-26 | 21-01-2026 | 22-01-2026 |
| ITP-204/25-26 | 22-01-2026 | 23-01-2026 |
| ITP-205/25-26 | 23-01-2026 | 27-01-2026 |
| ITP-206/25-26 | 27-01-2026 | 28-01-2026 |
| ITP-207/25-26 | 28-01-2026 | 29-01-2026 |
| ITP-208/25-26 | 29-01-2026 | 30-01-2026 |
| ITP-209/25-26 | 30-01-2026 | 02-02-2026 |
Regulatory Changes
No regulatory changes announced. This is a standard operational schedule publication.
Compliance Requirements
- Members must submit pay-in instructions to Depositories/banks latest by 9:50 a.m.
- Pay-in must be completed at 10:00 a.m.
- Pay-out of funds and securities will be effected by 11:00 a.m.
- Members should plan their operations according to the published settlement schedule
Important Dates
- Effective Period: January 1, 2026 to January 31, 2026
- Notice Date: December 24, 2025
- First Settlement: ITP-189/25-26 (Trading: Jan 1, Settlement: Jan 2)
- Last Settlement: ITP-209/25-26 (Trading: Jan 30, Settlement: Feb 2)
- Non-trading days: Weekends (3-4, 10-11, 17-18, 24-25, 31 Jan) and Republic Day (26 Jan)
Impact Assessment
Market Impact: Minimal. This is a routine monthly settlement schedule with no changes to existing procedures or timings.
Operational Impact: Low. The schedule follows standard T+1 settlement cycle for ITP-SME segment, with weekend adjustments. Market participants can plan their settlement operations accordingly.
Stakeholder Impact: Informational for institutional traders, clearing members, and depositories operating in the SME segment through the Institutional Trading Platform. No action required beyond normal operational adherence to settlement timelines.
Impact Justification
Routine monthly settlement schedule for ITP-SME segment with no policy changes or market disruptions. Informational notice for operational planning only.