Description
BSE announces the settlement schedule for Securities Lending and Borrowing (SLB) Reverse Leg Segment with 12 monthly settlements from April 2026 to March 2027.
Summary
BSE has announced the settlement programme for the Securities Lending and Borrowing (SLB) Reverse Leg Segment for the financial year 2026-27. The circular provides a complete schedule of 12 monthly settlements from April 2026 to March 2027, with corresponding depository settlement numbers, obligation dates, and pay-in/pay-out dates.
Key Points
- 12 monthly settlements scheduled from April 2026 to March 2027
- Settlement numbers range from SLR-001/26-27 to SLR-012/26-27
- Depository settlement numbers range from 2627001 to 2627012
- Pay-in/pay-out occurs one day after the obligation date for all settlements
- Pay-in timing: 09:00 a.m.
- Members must submit pay-in instructions to Depositories/banks by 08:50 a.m.
- Circular issued by Indian Clearing Corporation Ltd.
Regulatory Changes
No regulatory changes. This is a routine operational schedule announcement.
Compliance Requirements
- Members participating in SLB Reverse Leg Segment must adhere to the published settlement schedule
- Members must submit pay-in instructions to Depositories or banks latest by 08:50 a.m. on pay-in dates
- Pay-in must be completed by 09:00 a.m. on the specified pay-in/pay-out dates
Important Dates
Settlement Schedule (April 2026 - March 2027):
| Settlement No. | Obligation Date | Pay-in/Pay-out Date |
|---|---|---|
| SLR-001/26-27 | April 6, 2026 | April 7, 2026 |
| SLR-002/26-27 | May 4, 2026 | May 5, 2026 |
| SLR-003/26-27 | June 1, 2026 | June 2, 2026 |
| SLR-004/26-27 | July 6, 2026 | July 7, 2026 |
| SLR-005/26-27 | August 3, 2026 | August 4, 2026 |
| SLR-006/26-27 | August 31, 2026 | September 1, 2026 |
| SLR-007/26-27 | October 5, 2026 | October 6, 2026 |
| SLR-008/26-27 | November 2, 2026 | November 3, 2026 |
| SLR-009/26-27 | November 30, 2026 | December 1, 2026 |
| SLR-010/26-27 | January 4, 2027 | January 5, 2027 |
| SLR-011/26-27 | February 1, 2027 | February 2, 2027 |
| SLR-012/26-27 | March 1, 2027 | March 2, 2027 |
Impact Assessment
Market Impact: Minimal. This is a routine operational circular.
Operational Impact: Members participating in SLB Reverse Leg Segment need to plan their settlement obligations according to this schedule. The predictable monthly schedule allows for proper operational planning and liquidity management.
Affected Parties: Trading members and clearing members involved in Securities Lending and Borrowing (SLB) transactions on BSE.
Impact Justification
Routine administrative circular providing settlement schedule for SLB reverse leg segment. No immediate action required, informational only for members involved in SLB activities.