Description

BSE announces the trading and settlement schedule for the Securities Lending and Borrowing (SLB) segment for 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 January 2026. The circular provides detailed settlement numbers, trading dates, and pay-in/pay-out dates for 21 settlements scheduled throughout the month.

Key Points

  • Settlement schedule covers period from January 1, 2026 to January 31, 2026
  • Total of 21 settlements scheduled (SL-189/25-26 through SL-209/25-26)
  • Depository settlement numbers range from 2526189 to 2526209
  • Trading date, 6A7A entry, and confirmation occur on the same day for each settlement
  • Pay-in/pay-out occurs on T+1 basis (next business day)
  • Pay-in time is 08:00 a.m.
  • Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m.
  • No trading on weekends (Saturdays and Sundays)
  • Settlement breaks on January 26, 2026 (Republic Day holiday)

Regulatory Changes

No regulatory changes introduced. This is a routine operational circular.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/Banks latest by 07:50 a.m. on pay-in day
  • Pay-in must be completed by 08:00 a.m. on the designated pay-in/pay-out date
  • Members need to adhere to the published settlement schedule for SLB transactions

Important Dates

  • Settlement Period: January 1, 2026 to January 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
  • No Trading Days: January 4-5, 11-12, 18-19, 24-26, 31, 2026
  • Pay-in Time: Daily at 08:00 a.m. (instructions by 07:50 a.m.)

Impact Assessment

Operational Impact: Low - This is a standard monthly settlement calendar that enables market participants to plan their SLB segment activities for January 2026.

Market Impact: Low - No impact on trading rules or market structure. Provides operational clarity for securities lending and borrowing transactions.

Member Impact: Low - Routine information that members use for operational planning. No changes to existing procedures or timelines.

Impact Justification

Routine monthly settlement calendar for SLB segment operations. No policy changes or compliance requirements, purely operational schedule information.