Description

BSE notice detailing the trading and settlement schedule for the New Debt Segment (NDS) for the period 01.04.2026 to 30.04.2026, including pay-in/pay-out and auction dates.

Summary

BSE, through Indian Clearing Corporation Ltd. (ICCL), has published the trading and settlement programme for the New Debt Segment (NDS) covering 19 settlement cycles from 01.04.2026 to 30.04.2026 (settlements NDS-001/26-27 through NDS-019/26-27).

Key Points

  • 19 settlement cycles scheduled from 02.04.2026 to 30.04.2026 (NDS-001/26-27 to NDS-019/26-27)
  • Each settlement cycle has specific trading date, 6A/7A entry and confirmation date, pay-in/pay-out date, auction date, and auction pay-in/pay-out date
  • Trading does not occur on market holidays (e.g., no settlement on 14.04.2026 due to holiday)
  • Pay-in deadline is 11:00 a.m.; members must submit pay-in instructions to Depositories/banks by 10:50 a.m.
  • Auction pay-in deadline is 9:30 a.m.; members must submit instructions by 9:20 a.m.
  • Issued by Tajindersingh Virdi, Assistant Vice President, ICCL

Regulatory Changes

No regulatory changes. This is a routine operational schedule notice.

Compliance Requirements

  • NDS members must adhere to the published trading and settlement dates for each cycle
  • Pay-in instructions to Depositories/banks must be submitted by 10:50 a.m. for regular pay-in (deadline 11:00 a.m.)
  • Auction pay-in instructions must be submitted by 9:20 a.m. (auction pay-in deadline 9:30 a.m.)

Important Dates

  • First settlement (NDS-001/26-27): Trading 02.04.2026, Pay-in/Pay-out 06.04.2026, Auction Pay-in/Pay-out 07.04.2026
  • Last settlement (NDS-019/26-27): Trading 30.04.2026, Pay-in/Pay-out 04.05.2026, Auction Pay-in/Pay-out 05.05.2026
  • No trading on 14.04.2026 (market holiday)
  • Programme period: 01.04.2026 to 30.04.2026

Impact Assessment

This is a routine administrative notice applicable to NDS segment participants. It ensures members can plan their settlement obligations for April 2026. The schedule follows standard T+1 settlement conventions. Members dealing in the New Debt Segment must align their operations with the published dates to avoid penalties or settlement failures.

Impact Justification

Routine periodic settlement schedule for NDS participants; operationally important for members but no regulatory changes or market-wide impact.