Description

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

Summary

The Indian Clearing Corporation Limited (ICCL) has released the client margin reporting schedule for the Currency Derivatives segment for February 2026. The circular specifies the trade dates, corresponding last dates for margin reporting, and penalty dates for non-compliance throughout the month.

Key Points

  • Schedule covers currency derivatives trades from February 2 to February 27, 2026
  • Margin reporting deadline is typically 5 business days after the trade date
  • Penalty date is one business day after the margin reporting deadline
  • Members must report client margins within specified timeframes to avoid penalties
  • Schedule accounts for weekends and holidays with adjusted reporting timelines

Regulatory Changes

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

Compliance Requirements

  • Trading members must submit client margin reports for currency derivatives trades by the specified last date for margin reporting
  • Failure to report by the deadline will result in penalties being applied from the penalty date
  • Members must maintain accurate records of client margins for all trades executed in the currency derivatives segment
  • Reporting must be completed through the designated ICCL systems and platforms

Important Dates

February 2026 Schedule (Sample dates):

  • Trade Date: 02-02-2026 → Last Reporting Date: 09-02-2026 → Penalty Date: 10-02-2026
  • Trade Date: 13-02-2026 → Last Reporting Date: 23-02-2026 → Penalty Date: 24-02-2026
  • Trade Date: 27-02-2026 → Last Reporting Date: 09-03-2026 → Penalty Date: 10-03-2026

Complete schedule available in the circular for all trading dates in February 2026.

Impact Assessment

Operational Impact: Medium - Trading members dealing in currency derivatives must ensure their compliance systems are aligned with the published schedule. Timely margin reporting is essential for risk management and regulatory compliance.

Market Impact: Low - This is a procedural requirement that does not directly affect trading activity or market prices.

Compliance Impact: Medium - Members face penalties for late reporting, making adherence to the schedule critical for operational efficiency and avoiding financial sanctions.

Impact Justification

Routine operational schedule for margin reporting in currency derivatives segment. Important for compliance but not market-moving. Affects trading members who must adhere to reporting deadlines to avoid penalties.