Description

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

Summary

BSE Indian Clearing Corporation 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 daily settlement schedule mapping each trade date to its corresponding settlement date. January 2026 currency future 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 segment
  • Daily settlements follow a T+1 pattern (trade date + 1 business day)
  • January 2026 currency futures contract expiry: January 28, 2026
  • Final settlement for January 2026 contracts: January 30, 2026
  • Most settlements occur next business day except month-end
  • Notice issued by Tajindersingh Virdi, Assistant Vice President, Indian Clearing Corporation Ltd.

Regulatory Changes

No regulatory changes. This is a routine monthly settlement calendar announcement.

Compliance Requirements

Market participants in the Currency Derivatives segment should:

  • Note the settlement schedule for planning cash flow and margin requirements
  • Be aware of the January 28, 2026 expiry date for January 2026 currency future contracts
  • Ensure readiness for final settlement on January 30, 2026 for expiring contracts

Important Dates

  • Settlement Period: January 1, 2026 to January 31, 2026
  • January 2026 Contract Expiry (Last Trading Day): January 28, 2026
  • Final Settlement Date: January 30, 2026
  • Last settlement in series: January 30, 2026 trade settles on February 2, 2026

Impact Assessment

Market Impact: Minimal - this is a routine administrative circular providing standard settlement schedule.

Operational Impact: Low - participants need to note the settlement dates for operational planning and cash management. The settlement pattern follows standard T+1 cycle with no deviations from normal practice.

Trading Impact: None - no changes to trading rules or procedures, only informational schedule for settlement planning.

Impact Justification

Routine administrative circular providing standard monthly settlement schedule for currency derivatives segment with no policy changes or market disruptions