Description
BSE/ICCL publishes the trading and settlement schedule for the Basket Repo and Special Repo segment for the period 01.04.2026 to 30.04.2026, covering 19 settlement cycles with T+0, T+1, and Forward Leg timings.
Summary
The Indian Clearing Corporation Ltd. (ICCL) has published the trading and settlement programme for the Basket Repo and Special Repo segment on BSE for the period from 01 April 2026 to 30 April 2026. The schedule covers 19 settlement cycles (2627001 to 2627019) across three settlement types: Ready Leg T+0, Ready Leg T+1, and Forward Leg.
Key Points
- Settlement period covers 01 April 2026 to 30 April 2026 with 19 settlement numbers (2627001–2627019)
- Three settlement types are defined: Ready Leg T+0, Ready Leg T+1, and Forward Leg
- For Ready Leg T+0, transaction and settlement (pay-in and pay-out) occur on the same date
- For Ready Leg T+1, securities/funds pay-in and pay-out are on the next business day after the transaction date
- The last settlement (2627019, dated 30-04-2026) for T+1 and Forward Leg settles on 04-05-2026
- Trading holidays observed: 01-04-2026, 03-04-2026, 04-04-2026, 05-04-2026, 11-04-2026, 12-04-2026, 14-04-2026, 18-04-2026, 19-04-2026, 25-04-2026, 26-04-2026
- Reference circular: ICCL Notice No. 20180525-18 dated 25 May 2018 for further operational details
Regulatory Changes
No regulatory changes. This is a routine periodic notice publishing the settlement calendar for the upcoming month.
Compliance Requirements
Market participants trading in the Basket Repo and Special Repo segment must adhere to the following pay-in/pay-out timings:
| Settlement Type | BASKET Repo Pay-in | BASKET Repo Pay-out | SPECIAL Repo Pay-in/Pay-out |
|---|---|---|---|
| Ready Leg T+0 | 02:15 PM | By 03:00 PM | By 03:00 PM |
| Ready Leg T+1 | 02:15 PM | By 03:00 PM | By 01:00 PM |
| Forward Leg | 02:15 PM | By 03:00 PM | By 03:00 PM |
Participants must ensure timely submission of securities and funds as per the above schedule to avoid settlement failures.
Important Dates
- Effective from: 02 April 2026 (first settlement cycle 2627001)
- Period end: 30 April 2026 (last transaction date, settlement 2627019)
- Last settlement pay-out: 04 May 2026 (for the 30 April 2026 transaction under T+1 and Forward Leg)
- Notice date: 10 March 2026
Impact Assessment
This is a routine operational notice with no market-wide impact. It provides advance visibility of settlement dates for April 2026, enabling Basket Repo and Special Repo segment participants to plan their funding and securities management accordingly. The schedule accounts for market holidays in April 2026 and is consistent with standard ICCL settlement practices.
Impact Justification
Routine periodic settlement schedule publication for Basket Repo and Special Repo segment with no regulatory changes or compliance requirements; purely operational reference for market participants.