Description

BSE announces the trading and settlement schedule for Securities Lending and Borrowing (SLB) segment covering the period from January 1, 2026 to January 31, 2026.

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 details 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 January 1-31, 2026 for SLB segment
  • 21 settlement cycles planned (SL-189/25-26 to SL-209/25-26)
  • Pay-in scheduled at 08:00 a.m. on settlement dates
  • Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m.
  • Standard T+1 settlement cycle maintained throughout the period
  • No trading on weekends (Saturday/Sunday) and Republic Day (January 26, 2026)

Regulatory Changes

No regulatory changes introduced. This is a routine schedule publication maintaining existing settlement procedures.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/Banks latest by 07:50 a.m. on settlement dates
  • Pay-in must be completed by 08:00 a.m. on designated pay-in/pay-out dates
  • Members must adhere to the published settlement calendar for transaction processing

Important Dates

  • Settlement Period: January 1-31, 2026
  • First Settlement: SL-189/25-26 - Trading on January 1, 2026, Pay-in/Pay-out on January 2, 2026
  • Last Settlement: SL-209/25-26 - Trading on January 30, 2026, Pay-in/Pay-out on February 2, 2026
  • Holidays: January 26, 2026 (Republic Day) - No settlement scheduled
  • Pay-in Deadline: 07:50 a.m. for all settlement dates

Impact Assessment

Market Impact: Minimal. This is a routine administrative circular that ensures smooth functioning of the SLB segment.

Operational Impact: Members participating in SLB transactions must plan their operations according to the published schedule. The standard T+1 settlement cycle continues without changes.

Stakeholder Impact: Affects trading members and participants in the Securities Lending and Borrowing segment who need to align their settlement activities with the published calendar. No impact on retail investors or other market segments.

Impact Justification

Routine monthly settlement schedule publication for SLB segment with no policy changes or regulatory impact