Description

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

Summary

BSE has released the settlement programme for the Currency Derivatives segment covering the period from January 1, 2026 to January 31, 2026. The circular provides the complete schedule of trade dates and their corresponding daily settlement dates. The January 2026 currency futures contracts will expire on January 28, 2026, with final settlement on January 30, 2026.

Key Points

  • Settlement schedule covers January 1-31, 2026 for currency derivatives
  • Daily settlement follows T+1 pattern for most trading days
  • January 2026 currency futures contracts expiry: January 28, 2026
  • Final settlement for January 2026 contracts: January 30, 2026
  • Notice issued by Indian Clearing Corporation Ltd.
  • No trading holidays observed during this period except weekends

Regulatory Changes

No regulatory or policy changes introduced. This is a standard operational schedule notification.

Compliance Requirements

  • Trading members must adhere to the published settlement schedule
  • Position holders in January 2026 currency futures must note the expiry date of January 28, 2026
  • All settlement obligations must be met as per the published dates
  • Members should ensure timely fund availability for daily settlements

Important Dates

  • Settlement Period: January 1, 2026 to January 31, 2026
  • January 2026 Contracts Expiry: January 28, 2026 (last trading day)
  • Final Settlement Date: January 30, 2026
  • Extended Settlement Gap: January 23, 2026 trades settle on January 27, 2026 (likely due to weekend)

Impact Assessment

Market Impact: Minimal. This is a routine monthly settlement schedule announcement.

Operational Impact: Low. Trading members need to note the settlement dates for planning liquidity and position management. The January 28 expiry date is standard monthly contract expiry timing.

Trading Impact: No impact on trading strategies or operations beyond normal monthly contract rollover planning for currency derivatives traders.

Impact Justification

Routine administrative circular providing standard monthly settlement schedule for currency derivatives trading. No policy changes or operational disruptions.