Description
BSE announces the trading and settlement schedule for the New Debt Segment (NDS) covering the period from January 1, 2026 to January 31, 2026, including settlement numbers, trading dates, and pay-in/pay-out timelines.
Summary
BSE has released the trading and settlement programme for the New Debt Segment (NDS) for January 2026. The circular provides a detailed schedule covering 21 settlement cycles (NDS-184/25-26 through NDS-204/25-26) from January 1, 2026 to January 30, 2026, including corresponding DP settlement numbers, trading dates, 6A/7A entry and confirmation dates, pay-in/pay-out dates, auction dates, and auction pay-in/pay-out dates.
Key Points
- Settlement programme covers period from January 1, 2026 to January 31, 2026
- Total of 21 settlement cycles scheduled (NDS-184/25-26 to NDS-204/25-26)
- Regular pay-in time: 11:00 AM (members must submit instructions by 10:50 AM)
- Auction pay-in time: 9:30 AM (members must submit instructions by 9:20 AM)
- Pay-in instructions to be submitted to Depositories/banks
- Trading follows T+1 settlement cycle for regular transactions
- Trading follows T+2 settlement cycle for auction transactions
Regulatory Changes
No regulatory changes introduced. This is a routine operational schedule announcement.
Compliance Requirements
- Members must submit regular pay-in instructions to Depositories/banks latest by 10:50 AM for 11:00 AM pay-in
- Members must submit auction pay-in instructions to Depositories/banks latest by 9:20 AM for 9:30 AM auction pay-in
- Adherence to scheduled trading dates, 6A/7A entry and confirmation dates, and pay-in/pay-out dates is mandatory
Important Dates
Settlement Period: January 1, 2026 to January 31, 2026
First Settlement:
- Settlement No: NDS-184/25-26
- Trading Date: January 1, 2026
- Pay-in/Pay-out: January 2, 2026
- Auction Pay-in/Pay-out: January 5, 2026
Last Settlement:
- Settlement No: NDS-204/25-26
- Trading Date: January 30, 2026
- Pay-in/Pay-out: February 2, 2026
- Auction Pay-in/Pay-out: February 3, 2026
Non-Trading Days (observed in schedule): January 26, 2026 (Republic Day)
Impact Assessment
Market Impact: Low - Routine operational schedule with no changes to existing settlement procedures or timelines.
Operational Impact: Low - Standard monthly calendar enabling NDS segment participants to plan their trading and settlement activities. The schedule maintains consistency with established T+1 settlement for regular trades and provides clear timelines for auction settlements.
Participant Impact: Informational only - NDS segment members and clearing members need to note the schedule for operational planning and ensure compliance with specified pay-in instruction submission deadlines.
Impact Justification
Routine operational circular providing monthly trading and settlement schedule for debt segment; essential for planning but no regulatory changes or market impact