Description

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

Summary

BSE has issued the client margin reporting schedule for the Currency Derivatives segment for February 2026. The circular provides a detailed timetable specifying trade dates, corresponding last dates for margin reporting, and penalty dates for late submissions. Members must adhere to this schedule to avoid penalties.

Key Points

  • Schedule covers Currency Derivatives segment for February 2026
  • Reporting deadline is typically 5 business days after the trade date
  • Penalty date follows one business day after the margin reporting deadline
  • Schedule accounts for weekends and holidays in February-March 2026
  • Issued by Indian Clearing Corporation Limited
  • Notice Number: 20260203-25
  • Category: Settlement/RMS

Regulatory Changes

No regulatory changes introduced. This is a routine operational schedule as per existing margin reporting requirements.

Compliance Requirements

  • Trading members must submit client margin reports by the specified “Last Date for Margin Reporting” for each trade date
  • Late submissions after the deadline will attract penalties starting from the “Penalty Date”
  • Members must ensure timely reporting for all Currency Derivatives trades executed during February 2026

Important Dates

February 2026 Reporting Schedule (Selected dates):

  • Trade Date: 02-Feb-2026 → Report by: 09-Feb-2026 → Penalty from: 10-Feb-2026
  • Trade Date: 03-Feb-2026 → Report by: 10-Feb-2026 → Penalty from: 11-Feb-2026
  • Trade Date: 04-Feb-2026 → Report by: 11-Feb-2026 → Penalty from: 12-Feb-2026
  • Trade Date: 20-Feb-2026 → Report by: 27-Feb-2026 → Penalty from: 02-Mar-2026
  • Trade Date: 27-Feb-2026 → Report by: 09-Mar-2026 → Penalty from: 10-Mar-2026

Note: Complete schedule covers all trading days from 02-Feb-2026 to 27-Feb-2026 with corresponding reporting and penalty dates extending into March 2026.

Impact Assessment

Operational Impact: Medium - Members must update their compliance calendars and ensure internal systems are configured for timely margin reporting according to the specified schedule.

Market Impact: Low - This is an administrative requirement with no direct impact on trading activity or market operations.

Compliance Impact: High for individual members - Non-compliance results in penalties, making adherence to this schedule critical for Currency Derivatives segment participants.

Affected Entities: All trading members participating in the Currency Derivatives segment on BSE.

Impact Justification

Operational schedule for margin reporting affects currency derivatives trading members. Non-compliance leads to penalties. Essential for member compliance but routine procedural circular.