Description

BSE publishes the settlement programme for the Futures & Options (F&O) segment for the period from 01.04.2026 to 30.04.2026, detailing trade dates and corresponding daily settlement dates.

Summary

BSE has issued the settlement programme for the Futures & Options (F&O) segment covering the period from 01 April 2026 to 30 April 2026. The circular, issued by Indian Clearing Corporation Ltd. (ICCL), provides the trade date-to-daily settlement date mapping for all trading days in April 2026.

Key Points

  • Settlement programme covers the F&O segment for the entire month of April 2026 (01.04.2026 to 30.04.2026).
  • Daily settlement dates are typically T+1 business days after the corresponding trade date.
  • The last trade date of April (30.04.2026) settles on 04.05.2026, reflecting the settlement lag into May 2026.
  • Trading holiday gaps are reflected in the schedule (e.g., 03–05 April and 14 April are not listed as trade dates, indicating exchange holidays).
  • Issued by Tajindersingh Virdi, Assistant Vice President, for Indian Clearing Corporation Ltd. (ICCL).

Regulatory Changes

No regulatory changes. This is a routine operational notice providing the scheduled settlement calendar for the F&O segment.

Compliance Requirements

  • Trading members and clearing members participating in the F&O segment must adhere to the published settlement dates for daily mark-to-market and final settlements.
  • Participants should ensure funds and securities are available by the respective daily settlement dates.

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 medium operational impact for F&O market participants. Brokers, clearing members, and institutional traders must align their fund and collateral management with the published settlement schedule. The extended settlement lag for the last trading day of April (settling on 04 May 2026) requires advance liquidity planning. No market-wide disruption is expected as this follows the standard settlement calendar framework.

Impact Justification

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