Description

BSE revises auction schedule for settlement 2526812 (trade date Feb 3, 2026), moving auction trade date from Feb 4 to Feb 5, 2026 with settlement on Feb 6, 2026.

Summary

BSE has issued a partial modification to the February 2026 settlement calendar, revising the auction schedule for settlement number 2526812. The auction trade date has been moved from February 4, 2026 to February 5, 2026, with the auction settlement date remaining February 6, 2026. Members must submit pay-in instructions to depositories/banks by 7:50 AM on the auction date.

Key Points

  • This is a partial modification of notice no. 20260120-37 (Settlement calendar for February 2026)
  • Settlement 2526812 original trade date: February 3, 2026
  • Custodian confirmation and settlement date: February 4, 2026
  • Revised auction trade date: February 5, 2026 (changed from February 4)
  • Auction settlement date: February 6, 2026
  • Pay-in time at clearing corporation: 8:00 AM
  • Settlement 2526813 also listed with auction on February 5, 2026
  • Pay-in instructions must be submitted to depositories/banks by 7:50 AM

Regulatory Changes

This circular modifies the previously announced settlement calendar. The key change is the postponement of the auction trade date by one day for settlement 2526812, allowing members additional time to arrange securities or funds.

Compliance Requirements

  • Members and custodians must note the revised auction schedule
  • Pay-in instructions must be submitted to depositories/banks latest by 7:50 AM on February 5, 2026
  • Pay-in at clearing corporation deadline: 8:00 AM on February 5, 2026
  • All shortages in C group and trade-to-trade segments (T, P, and Z groups) will be directly closed out
  • Shortages for scrips where no-delivery period has been abolished will be directly closed out as per Notice No. 20190529-43 dated May 29, 2019

Important Dates

  • February 3, 2026: Trade date for settlement 2526812
  • February 4, 2026: Custodian confirmation and settlement date for 2526812
  • February 5, 2026: Revised auction trade date for settlement 2526812 (changed from Feb 4)
  • February 6, 2026: Auction settlement date for 2526812
  • 7:50 AM, February 5, 2026: Deadline for pay-in instructions to depositories/banks
  • 8:00 AM, February 5, 2026: Pay-in time at clearing corporation

Impact Assessment

Operational Impact: Members with shortages in settlement 2526812 gain one additional business day to arrange securities or funds before the auction. This reduces operational pressure but requires systems and processes to be updated with the new schedule.

Market Impact: Low direct market impact as this is an administrative change affecting auction timing. However, members must ensure their back-office systems reflect the revised schedule to avoid penalties or closeouts.

Compliance Impact: Members must update their settlement calendars and ensure internal teams are aware of the revised auction date to meet the 7:50 AM pay-in deadline on February 5, 2026.

Impact Justification

Operational change affecting auction timing for specific settlement; impacts members with shortages requiring timely pay-in instructions by 7:50 AM on revised date