Description

BSE has revised the 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. The revisions affect contracts scheduled to expire in April and May 2026. This modification updates the contract launch calendar previously communicated in August and September 2025.

Key Points

  • WTI Crude Oil Futures expiry date for April 2026 changed from April 17 to April 20, 2026
  • WTI Crude Oil Futures expiry date for May 2026 changed from May 19 to May 18, 2026
  • WTI Crude Oil Options on Futures expiry date for April 2026 changed from April 15 to April 16, 2026
  • Changes apply to commodity derivatives segment
  • Trading members must note these revised dates for contract settlement

Regulatory Changes

No regulatory framework changes. This is an operational adjustment to contract expiry schedules within the existing commodity derivatives framework.

Compliance Requirements

  • Trading members must update their systems and records with the revised expiry dates
  • Risk management systems should reflect the new contract expiry schedules
  • Members should ensure clients are informed of the expiry date changes
  • Settlement preparations must align with the revised dates

Important Dates

  • Notice Date: January 8, 2026
  • Revised WTI Crude Oil Futures Expiry: April 20, 2026 (previously April 17, 2026)
  • Revised WTI Crude Oil Futures Expiry: May 18, 2026 (previously May 19, 2026)
  • Revised WTI Crude Oil Options Expiry: April 16, 2026 (previously April 15, 2026)

Impact Assessment

The impact is primarily operational, affecting trading members and participants in commodity derivatives markets. Members holding positions in affected contracts must adjust their trading strategies, risk management protocols, and settlement timelines. The changes provide advance notice allowing sufficient time for system updates and client communication. Market participants must ensure proper roll-over strategies account for the revised expiry dates to avoid unintended position closures or deliveries.

Impact Justification

Schedule changes for commodity derivatives contracts affect trading members' risk management and settlement planning but are routine operational adjustments