Description

BSE announces revised expiry dates for WTI Crude Oil Futures and Options on Futures contracts for April and May 2026.

Summary

BSE has announced changes to the expiry dates of WTI Crude Oil Futures and Options on Futures contracts scheduled for April and May 2026. This modification affects the contract expiry calendar previously communicated through notices dated August 07, 2025 and September 16, 2025. Trading members must adjust their position management and expiry planning accordingly.

Key Points

  • WTI Crude Oil Futures expiry date for April 2026 contract changed from April 17, 2026 to April 20, 2026 (3-day extension)
  • WTI Crude Oil Futures expiry date for May 2026 contract changed from May 19, 2026 to May 18, 2026 (1-day earlier)
  • WTI Crude Oil Options on Futures expiry date for April 2026 contract changed from April 15, 2026 to April 16, 2026 (1-day extension)
  • Changes apply to contracts listed on BSE Commodity Derivatives segment
  • Modification supersedes previously announced contract launch calendar details

Regulatory Changes

No new regulatory requirements introduced. This is an operational adjustment to the contract expiry calendar for WTI Crude Oil derivatives. The changes modify the previously published contract specifications for these specific contract months.

Compliance Requirements

  • Trading members must update their systems and risk management frameworks to reflect the revised expiry dates
  • Position monitoring and margin calculations should be adjusted for the new expiry schedules
  • Client communication recommended to ensure awareness of the modified contract terms
  • Internal trading systems and calendars must be updated to prevent errors on the revised expiry dates

Important Dates

  • Notice Date: January 08, 2026
  • WTI Crude Oil Futures - April 2026: New expiry date April 20, 2026 (previously April 17, 2026)
  • WTI Crude Oil Futures - May 2026: New expiry date May 18, 2026 (previously May 19, 2026)
  • WTI Crude Oil Options - April 2026: New expiry date April 16, 2026 (previously April 15, 2026)

Impact Assessment

Market Impact: Medium - affects commodity derivatives traders with positions or planned strategies in WTI Crude Oil contracts for April and May 2026. The changes may require adjustment of rolling strategies, hedge positions, and expiry-related trading plans.

Operational Impact: Trading members need to update their systems, risk management tools, and client communications. The April futures extension provides additional time before expiry, while the May contract shortens by one day. The Options expiry shift by one day may affect options strategies and exercise planning for April contracts.

Participant Impact: Market participants holding or planning positions in these specific contract months should review their strategies and adjust settlement planning accordingly.

Impact Justification

Operational change affecting commodity derivatives traders with WTI Crude Oil positions for April and May 2026 expiries. Requires position management adjustments but does not affect immediate contracts.