Description

NSE Clearing announces the settlement schedule for debt segment trading in September 2025, covering both regular debt settlements and debt auction settlements.

Summary

NSE Clearing Limited has released the settlement calendar for the debt segment for September 2025. The circular provides comprehensive settlement schedules for both regular debt settlements (Type ‘I’) and debt auction settlements (Type ‘2’), following the T+1 rolling settlement cycle as per NSE Clearing Limited regulations.

Key Points

  • Settlement calendar covers the entire month of September 2025
  • Two types of settlements: Regular Debt Settlement (Type ‘I’) and Debt Auction Settlement (Type ‘2’)
  • Both settlement types follow T+1 rolling settlement cycle
  • 21 trading days scheduled for September 2025
  • Settlement numbers range from 2025162 to 2025182
  • Contact details provided for clarifications: 1800 266 0050 (IVR Option 2)

Regulatory Changes

No regulatory changes announced. This is a routine operational calendar update in pursuance of Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997).

Compliance Requirements

  • All members, custodians, and PCMs must adhere to the published settlement schedule
  • Participants must ensure compliance with T+1 settlement timelines
  • Any queries should be directed to the securities operations help desk

Important Dates

September 2025 Trading Schedule:

  • First trading day: September 1, 2025 (Settlement: September 2)
  • Last trading day: September 30, 2025 (Settlement: October 1)
  • No trading on weekends and holidays as per market calendar
  • Debt auction settlements run one day later than regular settlements

Impact Assessment

Operational Impact: Medium - affects all debt segment participants’ settlement planning and cash flow management for September 2025. Market participants need to align their operations with the published schedule to ensure smooth settlement processes. The T+1 settlement cycle continues to provide efficient clearing and settlement for debt market transactions.

Impact Justification

Operational calendar update affecting debt market participants' settlement schedules