Description

Settlement schedules for ICDM T+0, T+1, and T+2 transactions in the Corporate Debt segment for the period from February 1, 2026 to February 28, 2026.

Summary

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

Key Points

  • Settlement programme covers February 1-28, 2026 for Corporate Debt segment
  • Three settlement cycles provided: T+0, T+1, and T+2
  • 19 settlement numbers allocated (2526206 to 2526224)
  • Trading days exclude February 1, 7, 8, 14, 15, 19, 21, 22, 28, 2026 (weekends and holidays)
  • Securities and funds pay-in and pay-out dates specified for each settlement number
  • Participants must check depository settlement deadline times for respective market types

Regulatory Changes

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

Compliance Requirements

  • Market participants must adhere to specified pay-in and pay-out dates for each settlement cycle
  • Securities must be transferred to ICCL account within depository settlement deadline times
  • Participants should refer to ICCL Notice No.20091206-01 dated December 6, 2009 for detailed settlement procedures
  • Compliance with settlement schedules is mandatory for all transactions in the Corporate Debt segment

Important Dates

Coverage Period: February 1, 2026 to February 28, 2026

First Trading Day: February 2, 2026 (Settlement No. 2526206)

Last Trading Day: February 27, 2026 (Settlement No. 2526224)

Non-Trading Days in February 2026: 1st, 7th, 8th, 14th, 15th, 19th, 21st, 22nd, 28th

T+0 Settlement: Same-day pay-in and pay-out on transaction date

T+1 Settlement: Next business day pay-in and pay-out

T+2 Settlement: Two business days after transaction for pay-in and pay-out

Impact Assessment

Market Impact: Low - This is a routine monthly settlement schedule with no changes to existing procedures.

Operational Impact: Low - Standard settlement cycles continue as established. Market participants are already familiar with these settlement mechanisms.

Participant Action Required: Market participants trading in the Corporate Debt segment must plan their settlement obligations according to the published schedule. No system changes or procedural modifications are required.

Liquidity Impact: Minimal - Settlement schedules are aligned with standard market practices and do not introduce any new constraints on liquidity management.

Impact Justification

Routine monthly settlement schedule for corporate debt segment with no changes to existing procedures or timelines