Description

NSE Clearing announces multiple securities lending and borrowing scheme settlements on September 8, 2025 due to holiday on September 5.

Summary

NSE Clearing Limited has announced that due to a settlement holiday on September 5, 2025, multiple Securities Lending and Borrowing Scheme (SLBS) settlements have been consolidated and scheduled for September 8, 2025. This affects three settlement batches with revised pay-in and pay-out timings.

Key Points

  • Settlement holiday on September 5, 2025 necessitates multiple settlements on September 8, 2025
  • Three settlement batches affected: L 2025169, P 2025857, and L 2025170
  • Pay-in timings range from 08:00 hrs to 10:15 hrs on settlement day
  • Pay-out timings range from 09:30 hrs to 12:00 hrs on settlement day
  • Participants must note revised cut-off timings at depositories

Settlement Schedule Details

Settlement Type & NumberTransaction DateSettlement DatePay-in at NSCCLPay-out at NSCCL
L 202516904-Sep-2508-Sep-2508:00 hrs09:30 hrs
P 2025857-08-Sep-2508:30 hrs09:45 hrs
L 202517005-Sep-2508-Sep-2510:15 hrs12:00 hrs

Important Dates

  • September 5, 2025: Settlement holiday
  • September 8, 2025: Multiple consolidated settlements
  • August 26, 2025: Circular issue date

Compliance Requirements

  • Participants and custodians must adhere to revised settlement timings
  • Attention required for cut-off timings at depositories due to revised schedule
  • All SLBS participants must prepare for consolidated settlement operations

Impact Assessment

This operational adjustment affects SLBS market participants by consolidating multiple settlements into a single day with staggered timings. The impact is primarily operational, requiring participants to manage multiple settlement cycles and ensure adequate liquidity and securities availability for the consolidated settlement day.

Impact Justification

Affects SLBS participants with revised settlement timings but is operational adjustment rather than new regulation