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 schedule comprises 12 monthly settlements running from April 2026 to March 2027, with specific obligation dates and corresponding pay-in/pay-out dates for each settlement cycle.
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 each settlement
- Pay-in timing is at 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 announced. This is a standard operational schedule announcement for the upcoming financial year.
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 specified pay-in/pay-out dates
Important Dates
| Settlement No. | Depository No. | Obligation Date | Pay-in/Pay-out Date |
|---|---|---|---|
| SLR-001/26-27 | 2627001 | 06-04-2026 | 07-04-2026 |
| SLR-002/26-27 | 2627002 | 04-05-2026 | 05-05-2026 |
| SLR-003/26-27 | 2627003 | 01-06-2026 | 02-06-2026 |
| SLR-004/26-27 | 2627004 | 06-07-2026 | 07-07-2026 |
| SLR-005/26-27 | 2627005 | 03-08-2026 | 04-08-2026 |
| SLR-006/26-27 | 2627006 | 31-08-2026 | 01-09-2026 |
| SLR-007/26-27 | 2627007 | 05-10-2026 | 06-10-2026 |
| SLR-008/26-27 | 2627008 | 02-11-2026 | 03-11-2026 |
| SLR-009/26-27 | 2627009 | 30-11-2026 | 01-12-2026 |
| SLR-010/26-27 | 2627010 | 04-01-2027 | 05-01-2027 |
| SLR-011/26-27 | 2627011 | 01-02-2027 | 02-02-2027 |
| SLR-012/26-27 | 2627012 | 01-03-2027 | 02-03-2027 |
Impact Assessment
Operational Impact: This circular has minimal operational impact as it follows the standard monthly settlement cycle for SLB Reverse Leg Segment. It provides advance notice to market participants to plan their settlement obligations.
Market Impact: No direct market impact. This is a procedural announcement affecting only participants in the Securities Lending and Borrowing segment who need to manage their settlement schedules and liquidity accordingly.
Affected Parties: Trading members and custodians participating in SLB transactions, clearing corporations, and depositories involved in the settlement process.
Impact Justification
Routine administrative circular announcing predetermined settlement schedule for SLB reverse leg operations; affects only SLB participants with standard monthly settlement cycle