Description
BSE notice outlining the trading and settlement schedule for the Institutional Trading Platform (ITP) under the SME segment for the period 01.04.2026 to 30.04.2026, including settlement numbers, trade dates, and pay-in/pay-out timings.
Summary
BSE has published the trading and settlement programme for the Institutional Trading Platform (ITP) under the SME segment for April 2026 (01.04.2026 to 30.04.2026). The notice lists 20 settlement cycles (ITP-002/26-27 through ITP-021/26-27) with corresponding depository settlement numbers, trade dates, and pay-in/pay-out dates.
Key Points
- Settlement cycles run from ITP-002/26-27 (trade date 01-04-2026) to ITP-021/26-27 (trade date 30-04-2026).
- Standard pay-in time is 10:00 a.m.; members must submit pay-in instructions to depositories/banks by 09:50 a.m.
- Pay-out of funds and securities is effected by 11:00 a.m.
- Settlement ITP-002/26-27 has a dual-trade-date schedule: trade date 01-04-2026 has a later pay-in at 04:30 p.m. (pay-out 09:30 p.m.; instructions by 04:20 p.m.).
- ITP-001/26-27 (trade date 30-03-2026, pay-in/pay-out 02-04-2026) carries special timings: pay-in 10:00 a.m., pay-out 12:30 p.m., instructions by 09:50 a.m.
- Depository settlement numbers range from 2627002 to 2627021.
- Issued by Indian Clearing Corporation Ltd., signed by Tajindersingh Virdi, Assistant Vice President.
Regulatory Changes
No regulatory changes. This is a routine operational calendar notice for the April 2026 settlement cycle.
Compliance Requirements
- Members trading on the ITP-SME segment must adhere to the specified pay-in/pay-out schedule.
- Pay-in instructions must be submitted to depositories/banks at least 10 minutes before the stipulated pay-in time.
- Members should note the special timings applicable to ITP-001/26-27 and the dual-schedule for ITP-002/26-27.
Important Dates
| Settlement No. | Trade Date | Pay-in/Pay-out Date |
|---|---|---|
| ITP-001/26-27 | 30-03-2026 | 02-04-2026 |
| ITP-002/26-27 | 01-04-2026 | 02-04-2026 |
| ITP-003/26-27 | 02-04-2026 | 06-04-2026 |
| ITP-009/26-27 | 13-04-2026 | 15-04-2026 |
| ITP-021/26-27 | 30-04-2026 | 04-05-2026 |
- Programme period: 01 April 2026 to 30 April 2026.
- Final pay-out of the cycle falls on 04-05-2026 for trades on 30-04-2026.
Impact Assessment
This notice is operationally significant for brokers and members active on the BSE ITP-SME platform. It provides advance visibility into the settlement calendar, enabling members to plan liquidity and depository instruction workflows. No market-wide impact is expected; effect is limited to ITP-SME segment participants managing settlement obligations for April 2026.
Impact Justification
Routine operational notice detailing the monthly settlement calendar for ITP-SME segment participants; relevant to members trading on this platform but does not signal any regulatory change or market disruption.