Description

Daily settlement schedule for currency derivatives trading from February 1-28, 2026, including expiry details for February 2026 contracts.

Summary

BSE has announced the daily settlement programme for the Currency Derivatives segment covering the period from February 1, 2026 to February 28, 2026. The schedule outlines trade dates and their corresponding daily settlement dates. The February 2026 currency futures contracts will expire on February 25, 2026, with final settlement on February 27, 2026.

Key Points

  • Daily settlement schedule covers February 1-28, 2026
  • Settlement occurs on T+1 basis for most trading days
  • February 25, 2026 marked as expiry date for Feb 2026 currency futures contracts
  • Final settlement for expiring contracts scheduled for February 27, 2026
  • Notice issued by Indian Clearing Corporation Ltd.
  • Trading holiday observed on February 19, 2026 (no settlement on February 21)

Regulatory Changes

No regulatory changes introduced. This is a routine monthly settlement schedule announcement.

Compliance Requirements

Market participants in the currency derivatives segment should:

  • Note the daily settlement dates for planning fund requirements
  • Ensure adequate margins and collateral for positions
  • Be aware of the expiry date (February 25) for February 2026 contracts
  • Complete final settlement obligations by February 27, 2026 for expiring contracts

Important Dates

  • February 1-28, 2026: Trading period covered by this settlement schedule
  • February 19, 2026: Trading holiday (no trading or settlement)
  • February 25, 2026: Last trading day (expiry) for February 2026 currency futures contracts
  • February 27, 2026: Final settlement date for February 2026 expiring contracts
  • March 2, 2026: Settlement date for February 27 trades (rolling into next month)

Impact Assessment

This is a routine administrative circular with minimal market impact. The settlement schedule follows standard T+1 settlement convention. Market participants trading currency derivatives need to align their cash flow planning with these settlement dates. The expiry information for February 2026 contracts is critical for traders holding positions that will expire, requiring them to either roll over positions or prepare for final settlement.

Impact Justification

Routine monthly settlement schedule for currency derivatives with no changes to standard procedures