Description

Settlement schedule for ICDM Corporate Debt Segment covering T+0, T+1, and T+2 cycles for the period from February 1, 2026 to February 28, 2026.

Summary

BSE has announced the trading and settlement programme for the Corporate Debt Segment (ICDM) for February 2026. The circular provides detailed settlement schedules for three settlement cycles: T+0, T+1, and T+2, covering all trading days from February 1, 2026 to February 28, 2026. Settlement numbers range from 2526206 to 2526224.

Key Points

  • Settlement schedules published for entire February 2026 period
  • Three settlement cycles available: T+0 (same day), T+1 (next day), and T+2 (two days)
  • Total of 19 trading days scheduled in February 2026
  • Market closed on February 7, 8, 14, 15, 19, 21, 22, 28 (weekends and holidays)
  • Participants must check depository settlement deadline times for respective market types
  • Securities must be transferred to ICCL account within specified timelines

Regulatory Changes

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

Compliance Requirements

  • Market participants must adhere to the published settlement schedule for corporate debt transactions
  • Ensure securities transfer to ICCL account meets depository settlement deadlines
  • Refer to ICCL Notice No.20091206-01 dated December 6, 2009 for detailed settlement procedures
  • Follow pay-in and pay-out dates as per the applicable settlement cycle (T+0, T+1, or T+2)

Important Dates

  • Effective Period: February 1, 2026 to February 28, 2026
  • First Settlement: February 2, 2026 (Settlement No. 2526206)
  • Last Settlement: February 27, 2026 (Settlement No. 2526224)
  • Last T+2 Pay-out: March 4, 2026 (for February 27 transactions)

Impact Assessment

Market Impact: Minimal. This is a standard monthly settlement schedule notification that enables systematic planning of corporate debt segment operations.

Operational Impact: Routine operational planning document for debt market participants, clearing members, and custodians to manage their settlement obligations and liquidity requirements for February 2026.

Impact Justification

Routine monthly settlement schedule notification for corporate debt segment with standard T+0, T+1, and T+2 cycles. No regulatory changes or compliance actions required.