Description

BSE announces the settlement programme for the Futures & Options segment covering the period from April 1, 2026 to April 30, 2026, detailing trade dates and corresponding daily settlement dates.

Summary

BSE has issued the settlement programme for the Futures & Options (F&O) segment for the period from April 1, 2026 to April 30, 2026. The circular, issued by Indian Clearing Corporation Ltd. (ICCL), specifies the daily settlement dates corresponding to each trade date during the month.

Key Points

  • Settlement programme covers the F&O segment for the full month of April 2026 (01.04.2026 to 30.04.2026).
  • Daily settlement dates are T+1 business days, adjusted for market holidays.
  • Notable gaps in trading dates indicate exchange holidays (e.g., April 3-5, April 11-12, April 14, April 18-19).
  • The last trade date of April 30, 2026 has a settlement date of May 4, 2026, due to intervening holidays.
  • Circular issued by Tajindersingh Virdi, Assistant Vice President, Indian Clearing Corporation Ltd.

Regulatory Changes

No regulatory changes. This is a routine operational notification providing the scheduled settlement calendar.

Compliance Requirements

  • All F&O segment participants (brokers, clearing members, trading members) must adhere to the published settlement dates.
  • Clearing members must ensure funds and securities are available on the respective daily settlement dates.
  • No special compliance action required beyond standard settlement obligations.

Important Dates

Trade DateDaily Settlement Date
01-04-202602-04-2026
02-04-202606-04-2026
06-04-202607-04-2026
07-04-202608-04-2026
08-04-202609-04-2026
09-04-202610-04-2026
10-04-202613-04-2026
13-04-202615-04-2026
15-04-202616-04-2026
16-04-202617-04-2026
17-04-202620-04-2026
20-04-202621-04-2026
21-04-202622-04-2026
22-04-202623-04-2026
23-04-202624-04-2026
24-04-202627-04-2026
27-04-202628-04-2026
28-04-202629-04-2026
29-04-202630-04-2026
30-04-202604-05-2026

Impact Assessment

This circular has a medium operational impact on all F&O segment participants. Clearing members, brokers, and trading members need to align their back-office operations, margin calls, and fund management with the published settlement schedule. The multiple holiday-adjusted settlement dates (e.g., April 2 settling on April 6, April 10 settling on April 13) require careful planning. The last settlement date falling on May 4, 2026 for trades done on April 30 should be noted for month-end reconciliation purposes.

Impact Justification

Routine operational circular providing settlement schedule for F&O segment; important for all derivatives market participants for planning but does not introduce regulatory changes.