Description
BSE announces the trading and settlement schedule for the Securities Lending and Borrowing (SLB) segment for the period April 1 to April 30, 2026, covering settlement numbers SL-002/26-27 to SL-021/26-27.
Summary
BSE has published the Trading and Settlement Programme for the Securities Lending and Borrowing (SLB) segment for the period April 1, 2026 to April 30, 2026. The notice covers settlement numbers SL-002/26-27 through SL-021/26-27 and specifies trading dates, 6A7A entry/confirmation dates, and pay-in/pay-out dates for each settlement.
Key Points
- Settlement cycle runs from SL-002/26-27 (April 1, 2026) to SL-021/26-27 (April 30, 2026).
- Pay-in deadline is 08:00 a.m.; members must submit pay-in instructions to Depositories/Banks latest by 07:50 a.m.
- April 14, 2026 is excluded from the schedule (public holiday — Dr. Ambedkar Jayanti).
- Settlement SL-002/26-27 has a special dual pay-in/pay-out schedule on April 2, 2026 due to the carry-over from SL-001/26-27 (trade date March 30, 2026).
- The final settlement SL-021/26-27 (trade date April 30, 2026) has pay-in/pay-out on May 4, 2026.
- Issued under authority of Indian Clearing Corporation Ltd. (ICCL).
Regulatory Changes
No regulatory changes are introduced. This is a standard operational calendar notice for the SLB segment.
Compliance Requirements
- SLB segment members must ensure pay-in instructions are submitted to Depositories/Banks by 07:50 a.m. on respective pay-in dates.
- For SL-001/26-27 (carry-over): pay-in by 07:50 a.m. on April 2, 2026; for SL-002/26-27 on the same date, pay-in by 10:05 a.m.
- Members must adhere to the published settlement schedule for 6A7A entry and confirmation on the specified trading dates.
Important Dates
| Settlement No. | Trading Date | Pay-in/Pay-out Date |
|---|---|---|
| SL-001/26-27 (carry-over) | 30-Mar-2026 | 02-Apr-2026 |
| SL-002/26-27 | 01-Apr-2026 | 02-Apr-2026 |
| SL-003/26-27 | 02-Apr-2026 | 06-Apr-2026 |
| SL-008/26-27 | 10-Apr-2026 | 13-Apr-2026 |
| SL-009/26-27 | 13-Apr-2026 | 15-Apr-2026 |
| SL-017/26-27 | 24-Apr-2026 | 27-Apr-2026 |
| SL-021/26-27 | 30-Apr-2026 | 04-May-2026 |
Impact Assessment
This circular has a moderate operational impact on SLB segment participants (broker-members and institutional investors engaged in securities lending). It provides the necessary schedule to plan borrowing and lending activity for April 2026. The gap between April 10 (SL-008 trading) and April 13 (next trading day) reflects the April 11–12 weekend, and the gap between April 13 and April 15 reflects the April 14 public holiday. No broader market or regulatory impact is anticipated.
Impact Justification
Routine operational notice publishing the monthly SLB settlement calendar. Relevant to participants in the SLB segment but does not introduce regulatory changes or affect listed securities directly.