Description

Trading and settlement schedule for Securities Lending and Borrowing (SLB) segment covering January 2026 with settlement numbers, trading dates, and pay-in/pay-out timelines.

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 provides a detailed schedule of 21 settlement cycles (SL-189/25-26 to 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 deadline is 08:00 a.m. on pay-out date
  • Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m.
  • Trading holidays observed on January 3-4, 10-11, 17-18, 24-26, and 31, 2026
  • Pay-out dates follow T+1 settlement cycle for most days

Regulatory Changes

No regulatory changes are introduced in this circular. This is a routine schedule publication.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/Banks latest by 07:50 a.m. on the pay-in date
  • Pay-in must be completed by 08:00 a.m. on the designated pay-in/pay-out date
  • Members must adhere to the published settlement schedule for SLB transactions
  • 6A7A entries and confirmations must be completed on the specified trading dates

Important Dates

  • Programme Period: January 1, 2026 to January 31, 2026
  • First Settlement: SL-189/25-26 - Trading on January 1, 2026, Pay-out on January 2, 2026
  • Last Settlement: SL-209/25-26 - Trading on January 30, 2026, Pay-out on February 2, 2026
  • Trading Holidays: January 3-4, 10-11, 17-18, 24-26, and 31, 2026
  • Pay-in Deadline: 08:00 a.m. on each pay-in/pay-out date (instructions by 07:50 a.m.)

Impact Assessment

Market Impact: Low - This is a routine monthly schedule publication that allows SLB segment participants to plan their securities lending and borrowing activities. No changes to settlement procedures or timelines.

Operational Impact: Low - Standard T+1 settlement cycle continues. Members need to maintain existing operational processes for timely submission of pay-in instructions and completion of 6A7A entries.

Participant Action Required: Members should update their internal calendars and settlement systems with the published dates to ensure timely completion of SLB obligations throughout January 2026.

Impact Justification

Routine monthly settlement schedule for SLB segment with no operational changes, primarily informational for market participants to plan their SLB activities.