Description

NSE Clearing publishes settlement schedules for September 2025 covering Normal Rolling T+1, Auction, Trade for Trade T+1, ITP for SME T+1, and Normal Rolling T+0 settlement types.

Summary

NSE Clearing Limited has published the settlement calendar for September 2025 for the Capital Market Segment, covering both T+1 and T+0 settlement cycles. The circular provides detailed settlement schedules across five different settlement types with specific trade dates, custodial confirmation dates, and settlement dates.

Key Points

  • Settlement calendar covers September 2025 for Capital Market Segment
  • Five settlement types included: Normal Rolling T+1 (Type M), Normal Auction T+1 (Type A), Trade for Trade T+1 (Type Z), ITP for SME T+1 (Type B), and Normal Rolling T+0 (Type 5)
  • Settlement numbers range from 2025166 to 2025187
  • Normal Rolling T+1 settlements run from September 1-30, 2025 with corresponding settlement dates from September 2 to October 1, 2025
  • Auction settlements follow similar pattern with T+1 cycle

Regulatory Changes

No regulatory changes announced - this is a routine operational calendar publication in pursuance of Regulation 6.2 of the National Securities Clearing Corporation (Capital Market) Regulations, 1997.

Compliance Requirements

  • All Members, Custodians, and PCMs must follow the published settlement schedules
  • Adherence to custodial confirmation dates and settlement dates as specified
  • Contact help desk team for clarifications at securities_ops@nsccl.co.in or 1800 266 0050 (IVR Option 2)

Important Dates

  • Trade Period: September 1-30, 2025
  • Settlement Period: September 2 - October 1, 2025
  • Settlement Numbers: 2025166 through 2025187
  • First Settlement Date: September 2, 2025
  • Last Settlement Date: October 1, 2025

Impact Assessment

Medium operational impact as this calendar is essential for all capital market participants to plan their trading and settlement activities. The calendar ensures orderly settlement of trades and provides certainty for market participants regarding settlement timelines. No disruption to normal trading operations expected.

Impact Justification

Operational calendar information essential for trading participants but routine in nature