Description

BSE announces the trading and settlement schedule for the Institutional Trading Platform (ITP) - SME segment for the period from January 1, 2026 to January 31, 2026.

Summary

BSE has published the trading and settlement programme for the Institutional Trading Platform (ITP) - SME segment for January 2026. The schedule covers 21 trading days from January 1, 2026 to January 31, 2026, with settlements numbered ITP-189/25-26 through ITP-209/25-26.

Key Points

  • Settlement schedule spans from January 1, 2026 to January 31, 2026
  • Total of 21 settlement cycles scheduled for the month
  • Settlement numbers range from ITP-189/25-26 to ITP-209/25-26
  • Depository settlement numbers range from 2526189 to 2526209
  • T+1 settlement cycle maintained throughout the period
  • Pay-in time: 10:00 a.m. (members must submit instructions by 9:50 a.m.)
  • Pay-out time: 11:00 a.m. for both funds and securities

Regulatory Changes

No regulatory changes announced. This is a routine operational schedule.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/banks latest by 9:50 a.m.
  • Pay-in must be completed by 10:00 a.m.
  • Members must adhere to the published settlement schedule

Important Dates

January 2026 Settlement Schedule:

  • January 1-2: Settlement ITP-189/25-26
  • January 2-5: Settlement ITP-190/25-26
  • January 5-6: Settlement ITP-191/25-26
  • January 6-7: Settlement ITP-192/25-26
  • January 7-8: Settlement ITP-193/25-26
  • January 8-9: Settlement ITP-194/25-26
  • January 9-12: Settlement ITP-195/25-26
  • January 12-13: Settlement ITP-196/25-26
  • January 13-14: Settlement ITP-197/25-26
  • January 14-15: Settlement ITP-198/25-26
  • January 15-16: Settlement ITP-199/25-26
  • January 16-19: Settlement ITP-200/25-26
  • January 19-20: Settlement ITP-201/25-26
  • January 20-21: Settlement ITP-202/25-26
  • January 21-22: Settlement ITP-203/25-26
  • January 22-23: Settlement ITP-204/25-26
  • January 23-27: Settlement ITP-205/25-26
  • January 27-28: Settlement ITP-206/25-26
  • January 28-29: Settlement ITP-207/25-26
  • January 29-30: Settlement ITP-208/25-26
  • January 30 - February 2: Settlement ITP-209/25-26

Impact Assessment

Market Impact: Minimal - routine monthly settlement schedule

Operational Impact: Standard operational requirements for ITP-SME segment participants. Members need to plan their settlement obligations according to the published schedule. The T+1 settlement cycle remains consistent with previous periods, requiring no operational adjustments.

Impact Justification

Routine monthly settlement schedule for ITP-SME segment with standard T+1 settlement cycle