Description

ICCL reports disruption in settlement activities due to technical issues at one of the Member Institutions (MIIs) and is coordinating with other MIIs to normalize processes.

Summary

The Indian Clearing Corporation Limited (ICCL) has issued an update regarding ongoing disruptions in settlement-related activities caused by technical issues at one of the Member Institutions (MIIs). ICCL is actively coordinating with other MIIs to restore normal settlement processes and has been providing regular updates through ticker messages on the Member Extranet Portal.

Key Points

  • Technical issues at one MII have caused disruption in ICCL’s settlement activities
  • ICCL is in close coordination with other MIIs to normalize settlement processes
  • Regular updates are being posted via ticker messages on the Member Extranet Portal
  • Members are requested to monitor the updates and contact their relationship managers if needed
  • Contact email for settlement-related issues: cm_settlements@icclindia.com

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Members must monitor ticker messages on the Member Extranet Portal for regular updates
  • Members experiencing issues should contact their respective relationship manager or email cm_settlements@icclindia.com
  • Members are expected to remain informed about the ongoing settlement disruption

Important Dates

  • Notice Date: February 6, 2026
  • No specific resolution timeline provided; updates to be posted regularly

Impact Assessment

Market Impact: High - Settlement activities are a critical component of market infrastructure, and any disruption affects clearing and settlement of trades across all segments.

Operational Impact: High - Members may face delays in fund and securities settlement, requiring them to adjust their operational processes and liquidity management.

Member Action Required: Members must actively monitor communications from ICCL and be prepared for potential delays or changes in settlement timelines until the technical issues are resolved.

Clearing Corporation Response: ICCL is actively managing the situation by coordinating with alternative MIIs and maintaining transparent communication with market participants.

Impact Justification

Critical settlement infrastructure disruption affecting all market participants, requiring immediate attention and ongoing monitoring