Description

BSE announces the complete trading and settlement schedule for Securities Lending and Borrowing (SLB) segment covering the period from February 1, 2026 to February 28, 2026.

Summary

BSE has published the trading and settlement programme for the Securities Lending and Borrowing (SLB) segment for February 2026. The schedule covers 20 trading days from February 1 to February 28, 2026, with settlement numbers ranging from SL-210/25-26 to SL-230/25-26. The circular outlines specific dates for trading, 6A7A entry and confirmation, and pay-in/pay-out timings.

Key Points

  • Settlement programme covers February 1-28, 2026
  • 20 settlement cycles scheduled (SL-210/25-26 to SL-230/25-26)
  • Standard pay-in timing: 08:00 a.m.
  • Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m.
  • Special timing arrangements for specific settlement dates (February 2 and February 20, 2026)
  • Depository settlement numbers provided for each trading date

Regulatory Changes

No regulatory changes introduced. This is a routine settlement schedule notification.

Compliance Requirements

  • Members must adhere to the published settlement schedule
  • Pay-in instructions must be submitted to Depositories/Banks by specified deadlines (typically 07:50 a.m., with exceptions at 10:05 a.m. for certain settlements)
  • 6A7A entry and confirmation must be completed on the trading date itself

Important Dates

Special Settlement Timings:

  • February 2, 2026: Two settlements (SL-209 and SL-210) with different timings

    • SL-209: Pay-in 08:00 a.m., Pay-out 09:30 a.m. (instruction deadline 07:50 a.m.)
    • SL-210: Pay-in 10:15 a.m., Pay-out 12:00 p.m. (instruction deadline 10:05 a.m.)

  • February 20, 2026: Two settlements (SL-223 and SL-224) with different timings

    • SL-223: Pay-in 08:00 a.m., Pay-out 09:30 a.m. (instruction deadline 07:50 a.m.)
    • SL-224: Pay-in 10:15 a.m., Pay-out 12:00 p.m. (instruction deadline 10:05 a.m.)

Non-Trading Days: February 7-8, 14-15, 21-22, 2026 (weekends)

Impact Assessment

Market Impact: Minimal - routine operational schedule

Operational Impact: Low - standard settlement procedures apply with two dates requiring dual settlement windows

Stakeholder Impact:

  • SLB segment participants must note the special timing arrangements for February 2 and 20
  • No disruption to regular trading operations expected
  • Settlement cycle follows T+1 model with specific exceptions on designated dates

Impact Justification

Routine monthly settlement schedule notification for SLB segment with no policy changes or exceptional adjustments