Description
BSE notice detailing the trading and settlement schedule for the Securities Lending and Borrowing (SLB) segment for the period 01 April 2026 to 30 April 2026, including settlement numbers, trading dates, and pay-in/pay-out timings.
Summary
BSE Notice No. 20260310-38 issued on 10 March 2026 provides the complete trading and settlement programme for the Securities Lending and Borrowing (SLB) segment for the period from 01 April 2026 to 30 April 2026. The schedule covers settlement numbers SL-002/26-27 through SL-021/26-27 and includes specific timings for pay-in and pay-out for the Indian Clearing Corporation Ltd. (ICCL).
Key Points
- Settlement numbers SL-002/26-27 to SL-021/26-27 (Depository Settlement Nos. 2627002–2627021) cover trading dates from 01 April 2026 to 30 April 2026.
- For all settlements, SLB 6A7A entry, 6A7A confirmation, and pay-in/pay-out occur on the same trading date or the next working day.
- Members must submit pay-in instructions to Depositories/Banks by 07:50 a.m., with pay-in scheduled at 08:00 a.m.
- Special dual-settlement arrangement applies for SL-001/26-27 and SL-002/26-27 on 02 April 2026 due to the holiday on 31 March 2026.
- The last settlement in the period, SL-021/26-27 (trade date 30 April 2026), has a pay-in/pay-out date of 04 May 2026.
Regulatory Changes
No new regulatory changes introduced. This is a routine operational notice providing the scheduled programme for the SLB segment for April 2026.
Compliance Requirements
- SLB members must submit pay-in instructions to Depositories/Banks by 07:50 a.m. on the respective pay-in/pay-out date.
- For the special settlement on 02 April 2026 (SL-002/26-27), pay-in is at 10:15 a.m. and pay-out at 12:00 p.m.; members must submit instructions by 10:05 a.m.
- Members should note the holiday-adjusted settlement for SL-001/26-27 (trade date 30 March 2026, pay-in/pay-out 02 April 2026).
Important Dates
| Settlement No. | Trade Date | Pay-in/Pay-out Date |
|---|---|---|
| SL-001/26-27 | 30-03-2026 | 02-04-2026 |
| SL-002/26-27 | 01-04-2026 | 02-04-2026 |
| SL-003/26-27 | 02-04-2026 | 06-04-2026 |
| SL-008/26-27 | 10-04-2026 | 13-04-2026 |
| SL-009/26-27 | 13-04-2026 | 15-04-2026 |
| SL-021/26-27 | 30-04-2026 | 04-05-2026 |
- Holiday gaps visible around 14 April 2026 (no trading) and weekend adjustments throughout April.
- Effective period: 01 April 2026 to 30 April 2026
Impact Assessment
This circular has medium operational impact for participants in the SLB segment. Members, depositories, and banks must align their internal systems and processes with the published schedule to avoid settlement failures or penalties. The special dual-settlement on 02 April 2026 (covering both SL-001 and SL-002) requires particular attention due to different pay-in timings (08:00 a.m. and 10:15 a.m. respectively). No market-wide or systemic impact is expected; the circular is a standard quarterly operational communication from ICCL/BSE.
Impact Justification
Routine operational circular providing settlement schedule for SLB segment participants; important for members and depositories to plan pay-in/pay-out instructions but does not introduce new rules or regulatory changes.