Description

BSE announces the trading and settlement schedule for Securities Lending and Borrowing (SLB) segment for January 2026, covering 21 trading days with corresponding settlement numbers and pay-in/pay-out dates.

Summary

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

Key Points

  • Settlement programme covers 21 trading days in January 2026
  • Settlement numbers range from SL-189/25-26 to SL-209/25-26
  • Depository settlement numbers range from 2526189 to 2526209
  • Pay-in time is scheduled at 08:00 a.m.
  • Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m.
  • Standard T+1 settlement cycle for pay-out (next business day)
  • Weekend and holiday breaks accounted for in the schedule

Regulatory Changes

No regulatory changes announced. This is a routine settlement calendar publication.

Compliance Requirements

  • SLB segment participants must adhere to the published settlement schedule
  • Members must submit pay-in instructions to Depositories/Banks latest by 07:50 a.m. on pay-in date
  • Pay-in must be completed by 08:00 a.m. on the designated pay-in date
  • All 6A7A entries and confirmations must be completed on the same day as trading date

Important Dates

  • January 1, 2026: First settlement (SL-189/25-26) begins
  • January 31, 2026: Last trading date of the month (SL-209/25-26)
  • February 2, 2026: Pay-out for last January settlement
  • Non-trading dates in January 2026: January 3-4 (weekend), January 10-11 (weekend), January 17-18 (weekend), January 24-26 (weekend + Republic Day), January 31 (Friday trading, pay-out on February 2)

Impact Assessment

Market Impact: Minimal. This is a routine administrative circular providing the settlement calendar for SLB segment participants.

Operational Impact: Low. The schedule follows the standard T+1 settlement cycle with predictable pay-in/pay-out dates. Market participants can plan their SLB operations accordingly for January 2026.

Stakeholder Impact: Affects only SLB segment participants who need to align their lending and borrowing activities with the published settlement schedule. No impact on cash equity or other segment participants.

Impact Justification

Routine monthly settlement calendar for SLB segment with no regulatory changes or market disruptions