Description

NSE Clearing announces settlement schedules for Securities Lending & Borrowing Scheme (SLBS) for October 2025.

Summary

NSE Clearing Limited has released the settlement calendar for Securities Lending & Borrowing Scheme (SLBS) for October 2025, detailing the schedules for First Leg Settlement, Reverse Leg Settlement, and Reverse Leg Auction transactions. The calendar includes 21 settlement dates for First Leg transactions and extends to series expiring through October 2026.

Key Points

  • First Leg Settlement (Type ‘L’) will have 21 settlement dates in October 2025
  • Settlement dates range from October 3, 2025, to November 3, 2025
  • Special note for Diwali Amavasya (Laxmi Pujan) on October 21, 2025 - trades will settle on October 23, 2025
  • Reverse Leg Settlement (Type ‘P’) covers series from 10/XO through 10/XO with settlements extending to October 2026
  • New 10 Series expiring on October 6, 2026, will be available from October 8, 2025

Regulatory Changes

No regulatory changes announced. This circular is issued in pursuance of circular no. NCL/CMPT/67763 dated April 30, 2025, maintaining established SLBS settlement procedures.

Compliance Requirements

All participants and custodians must:

  • Follow the prescribed settlement schedules for First Leg, Reverse Leg, and Auction settlements
  • Ensure custodial confirmations are completed on designated dates
  • Adhere to settlement timelines for each settlement type (L, P, and Q)

Important Dates

  • October 1-31, 2025: Trade dates for First Leg settlements
  • October 21, 2025: Diwali Amavasya - trades settle on October 23, 2025
  • October 7, 2025: First Reverse Leg settlement of the month (10/XO series)
  • October 8, 2025: New 10 Series (expiring October 6, 2026) becomes available
  • Settlement dates extend through October 6, 2026, for various series

Impact Assessment

Minimal market impact as this represents routine monthly settlement scheduling. The calendar ensures orderly settlement of SLBS transactions with no disruption to normal market operations. The special handling of Diwali holiday trades ensures continuity of settlement processes during the festive period.

Impact Justification

Routine monthly settlement calendar announcement with no extraordinary changes or market impact