Description

BSE announces the settlement programme for the Currency Derivatives Segment covering the period from April 1, 2026 to April 30, 2026, including trade dates, daily settlement dates, and expiry details for April 2026 currency future contracts.

Summary

BSE has issued the settlement programme for the Currency Derivatives Segment for the period from April 1, 2026 to April 30, 2026. The notice, issued by Indian Clearing Corporation Ltd. (ICCL), provides a detailed schedule of trade dates and their corresponding daily settlement dates. A special note is included regarding the expiry and final settlement of April 2026 currency future contracts.

Key Points

  • The settlement programme covers the period from April 2, 2026 to April 30, 2026 (trading days within the month).
  • Each trade date is mapped to a specific daily settlement date, typically one to two business days after the trade date.
  • The expiry date (last trading day) for April 2026 Currency Future contracts is April 28, 2026.
  • The final settlement date for April 2026 Currency Future contracts is April 30, 2026.
  • The settlement date for trades on April 30, 2026 falls on May 4, 2026.
  • Notice issued by Tajindersingh Virdi, Assistant Vice President, Indian Clearing Corporation Ltd.

Regulatory Changes

No regulatory changes are introduced. This is a routine operational schedule circular.

Compliance Requirements

  • Members and participants in the Currency Derivatives Segment must adhere to the published trade date and settlement date schedule.
  • Participants must ensure sufficient funds/margins are available by the respective daily settlement dates.
  • Members should note the special final settlement date of April 30, 2026 for April 2026 currency future contracts expiring on April 28, 2026.

Important Dates

Trade DateDaily Settlement Date
02-Apr-202606-Apr-2026
06-Apr-202607-Apr-2026
07-Apr-202608-Apr-2026
08-Apr-202609-Apr-2026
09-Apr-202610-Apr-2026
10-Apr-202613-Apr-2026
13-Apr-202615-Apr-2026
15-Apr-202616-Apr-2026
16-Apr-202617-Apr-2026
17-Apr-202620-Apr-2026
20-Apr-202621-Apr-2026
21-Apr-202622-Apr-2026
22-Apr-202623-Apr-2026
23-Apr-202624-Apr-2026
24-Apr-202627-Apr-2026
27-Apr-202628-Apr-2026
28-Apr-2026*29-Apr-2026
29-Apr-202630-Apr-2026
30-Apr-202604-May-2026

*April 28, 2026 is the expiry date (last trading day) for April 2026 Currency Future contracts; final settlement date is April 30, 2026.

Impact Assessment

This circular is of operational significance for brokers, traders, and clearing members participating in BSE’s Currency Derivatives Segment. It ensures all participants can plan their funding and margin obligations in advance for the month of April 2026. The inclusion of public holidays (April 14 - likely Dr. Ambedkar Jayanti) explains gaps in the trading calendar. No adverse market impact is anticipated; this is standard periodic scheduling.

Impact Justification

Routine operational circular specifying settlement schedule for currency derivatives; important for participants in the currency derivatives segment but has no broad market-wide impact.