Description

BSE notice detailing the trading and settlement schedule for the cash segment for the period 01 May 2026 to 31 May 2026 under T+1 and T+0 settlement cycles.

Summary

BSE’s Indian Clearing Corporation Limited (ICCL) has published the trading and settlement programme for the equity cash segment covering the period from 01 May 2026 to 31 May 2026. The notice (No. 20260408-11) outlines the schedule applicable under both T+1 and T+0 settlement cycles.

Key Points

  • Settlement calendar covers the full month of May 2026 (01.05.2026 to 31.05.2026)
  • Applicable to the equity cash segment
  • Covers both T+1 (next-day settlement) and T+0 (same-day settlement) cycles
  • Issued by ICCL under the Settlement/RMS category
  • Attachment reference: C052026 (detailed schedule document)

Regulatory Changes

No new regulatory changes introduced. This is a routine periodic notice publishing the monthly trading and settlement calendar in accordance with existing SEBI-mandated T+1 and T+0 settlement frameworks.

Compliance Requirements

  • Brokers, trading members, and clearing members must adhere to the specified settlement dates for trades executed in the cash segment during May 2026
  • Participants should refer to the attached schedule (C052026) for specific settlement dates, including any market holidays or shortened trading days
  • Fund and securities obligations must be met on the respective settlement dates as per the published programme

Important Dates

  • Notice Date: 08 April 2026
  • Programme Period: 01 May 2026 to 31 May 2026
  • Detailed day-wise trading and settlement dates are available in attachment C052026

Impact Assessment

This is a routine operational notice with medium market impact. All equity cash segment participants — including brokers, custodians, and clearing members — need to align their operational and funding schedules with the published settlement calendar for May 2026. The dual T+1 and T+0 settlement structure requires participants to manage intraday liquidity for T+0 settlements while maintaining standard T+1 obligations. No adverse market disruption is anticipated.

Impact Justification

Routine monthly settlement calendar notice affecting all equity cash segment participants; no extraordinary changes indicated, but operationally important for brokers and clearing members planning trades in May 2026.