Description

BSE announces the trading and settlement schedule for the New Debt Segment (NDS) covering the period from February 1, 2026 to February 28, 2026, including settlement numbers, trading dates, and pay-in/pay-out timings.

Summary

BSE has issued the trading and settlement programme for the New Debt Segment (NDS) for the period from February 1, 2026 to February 28, 2026. The circular details 19 settlement cycles (NDS-205/25-26 through NDS-223/25-26) with corresponding DP settlement numbers, trading dates, 6A/7A entry and confirmation dates, pay-in/pay-out dates, and auction dates.

Key Points

  • Settlement programme covers 19 trading days in February 2026
  • Settlement numbers range from NDS-205/25-26 to NDS-223/25-26
  • DP settlement numbers range from 2526205 to 2526223
  • Regular pay-in timing: 11:00 a.m. (members must submit instructions by 10:50 a.m.)
  • Auction pay-in timing: 9:30 a.m. (members must submit instructions by 9:20 a.m.)
  • Pay-in instructions to be submitted to Depositories/banks
  • Holidays accounted for: February 7-8 (Saturday-Sunday), February 14-15 (Saturday-Sunday), February 19 (Mahashivratri), February 21-22 (Saturday-Sunday), February 28 (Saturday)

Regulatory Changes

No regulatory changes. This is a routine operational schedule announcement.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/banks latest by 10:50 a.m. for regular pay-in (scheduled at 11:00 a.m.)
  • Members must submit pay-in instructions to Depositories/banks latest by 9:20 a.m. for auction pay-in (scheduled at 9:30 a.m.)
  • Members must adhere to the published settlement schedule for NDS trading activities

Important Dates

  • February 1-28, 2026: Trading and settlement period covered by this schedule
  • February 2, 2026: First trading day (Settlement NDS-205/25-26)
  • February 27, 2026: Last trading day (Settlement NDS-223/25-26)
  • March 4, 2026: Final auction pay-out date for the last settlement cycle

Non-Trading Days in February 2026:

  • February 7-8, 14-15, 19, 21-22, 28

Impact Assessment

Market Impact: Minimal - This is a routine operational circular that provides advance notice of the settlement schedule.

Operational Impact: Low - Standard settlement cycle continues with T+1 settlement for regular transactions. The schedule allows NDS market participants to plan their debt trading and settlement activities for February 2026.

Participant Impact: All NDS segment participants (trading members, clearing members, depositories, and banks) need to note the schedule and ensure timely submission of pay-in instructions as per the specified deadlines to avoid settlement failures.

Impact Justification

Routine monthly trading and settlement schedule for debt segment with no policy changes or market impact, purely operational information for NDS participants