Description
BSE announces the settlement schedule for Securities Lending and Borrowing (SLB) Reverse Leg Segment covering 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 comprehensive schedule of 12 monthly settlements, covering the period from April 2026 to March 2027. Each settlement includes specific obligation dates and corresponding pay-in/pay-out dates processed through the depository system.
Key Points
- Settlement schedule covers 12 monthly cycles from April 2026 to March 2027
- Each settlement has a unique settlement number (SLR-001/26-27 through SLR-012/26-27)
- Corresponding depository settlement numbers range from 2627001 to 2627012
- Pay-in timing is fixed at 09:00 a.m. for all settlements
- Members must submit pay-in instructions to Depositories/banks by 08:50 a.m.
- Pay-out occurs on the day following the obligation date
- Notice issued by Indian Clearing Corporation Ltd.
Regulatory Changes
No regulatory changes are introduced in this circular. This is a routine announcement of the settlement calendar for the upcoming financial year.
Compliance Requirements
- Members must adhere to the published settlement schedule
- Pay-in instructions must be submitted to Depositories/banks latest by 08:50 a.m. on obligation dates
- Pay-in must be completed by 09:00 a.m. on the specified obligation dates
- Members must ensure timely compliance with monthly settlement obligations
Important Dates
| Settlement No. | Depository No. | Obligation Date | Pay-in/Pay-out Date |
|---|---|---|---|
| SLR-001/26-27 | 2627001 | April 6, 2026 | April 7, 2026 |
| SLR-002/26-27 | 2627002 | May 4, 2026 | May 5, 2026 |
| SLR-003/26-27 | 2627003 | June 1, 2026 | June 2, 2026 |
| SLR-004/26-27 | 2627004 | July 6, 2026 | July 7, 2026 |
| SLR-005/26-27 | 2627005 | August 3, 2026 | August 4, 2026 |
| SLR-006/26-27 | 2627006 | August 31, 2026 | September 1, 2026 |
| SLR-007/26-27 | 2627007 | October 5, 2026 | October 6, 2026 |
| SLR-008/26-27 | 2627008 | November 2, 2026 | November 3, 2026 |
| SLR-009/26-27 | 2627009 | November 30, 2026 | December 1, 2026 |
| SLR-010/26-27 | 2627010 | January 4, 2027 | January 5, 2027 |
| SLR-011/26-27 | 2627011 | February 1, 2027 | February 2, 2027 |
| SLR-012/26-27 | 2627012 | March 1, 2027 | March 2, 2027 |
Impact Assessment
This circular has minimal market impact as it is a routine administrative announcement providing advance notice of settlement schedules. The information allows market participants engaged in securities lending and borrowing activities to plan their operations and ensure adequate preparation for monthly settlement obligations. The predictable schedule enhances operational efficiency and helps members manage their cash flow and securities positions effectively throughout the financial year.
Impact Justification
Routine administrative circular announcing pre-scheduled monthly settlement dates for SLB Reverse Leg transactions. No policy changes or immediate compliance actions required.