Description

BSE announces the client margin reporting schedule for Commodity Derivatives segment for February 2026, specifying trade dates, last dates for margin reporting, and penalty dates.

Summary

BSE (via Indian Clearing Corporation Limited) has released the client margin reporting schedule for the Commodity Derivatives segment for February 2026. The circular specifies trade dates, corresponding last dates for margin reporting, and penalty dates. Members must adhere to these deadlines to avoid penalties. The schedule covers trading dates from February 1, 2026 through February 27, 2026, with margin reporting deadlines extending into early March 2026.

Key Points

  • Margin reporting schedule applies to Commodity Derivatives segment only
  • Schedule covers February 2026 trading month
  • Members have 5 business days from trade date to report client margins
  • Penalty date is typically 1 business day after the last reporting date
  • Schedule accounts for weekends, with no margin reporting on Saturdays and Sundays
  • Issued by Indian Clearing Corporation Limited

Regulatory Changes

No regulatory changes introduced. This is a standard monthly operational schedule notification.

Compliance Requirements

  • Trading members must report client margins by the specified “Last Date for Margin Reporting” for each trade date
  • Failure to report by the deadline will result in penalties being applied on the “Penalty Date”
  • Members must maintain systems to track and submit margin reports within the 5-business-day window
  • Compliance is mandatory for all members trading in the Commodity Derivatives segment

Important Dates

February 2026 Schedule (Sample dates):

  • Trade Date: 01-02-2026 → Last Reporting Date: 06-02-2026 → Penalty Date: 09-02-2026
  • Trade Date: 05-02-2026 → Last Reporting Date: 12-02-2026 → Penalty Date: 13-02-2026
  • Trade Date: 13-02-2026 → Last Reporting Date: 20-02-2026 → Penalty Date: 23-02-2026
  • Trade Date: 20-02-2026 → Last Reporting Date: 27-02-2026 → Penalty Date: 02-03-2026
  • Trade Date: 27-02-2026 → Last Reporting Date: 09-03-2026 → Penalty Date: 10-03-2026

Full schedule contains 21 trading dates from February 1-27, 2026.

Impact Assessment

Operational Impact: Medium - Members must ensure internal systems and processes are aligned with the published schedule to avoid penalties. The 5-day reporting window provides adequate time for compliance.

Market Impact: Low - This is a routine administrative requirement that does not affect trading activity or market liquidity.

Compliance Impact: Medium - Members must track multiple deadlines throughout the month. Non-compliance results in penalties, making timely reporting essential for risk management teams.

Segment Affected: Commodity Derivatives only - equity, currency, and other segments have separate schedules.

Impact Justification

Operational circular providing mandatory margin reporting schedule for commodity derivatives trading members. Medium importance as it affects compliance timelines but follows standard monthly scheduling pattern.