Description

NSE Clearing Limited announces settlement schedule for debt segment transactions in October 2025 with T+1 rolling settlement.

Summary

NSE Clearing Limited has issued the settlement calendar for the debt segment for October 2025. The circular provides detailed settlement schedules for both regular debt settlements (Settlement Type ‘I’) and debt auction settlements (Settlement Type ‘2’) following T+1 rolling settlement cycle.

Key Points

  • Settlement calendar covers the entire month of October 2025
  • Two types of settlements: Regular Debt Settlement (Type ‘I’) and Debt Auction Settlement (Type ‘2’)
  • All settlements follow T+1 rolling settlement cycle
  • 20 trading days scheduled for October 2025
  • Settlement numbers range from 2025183 to 2025202

Regulatory Changes

No regulatory changes mentioned. This is a routine operational circular providing settlement dates.

Compliance Requirements

  • All members, custodians, and PCMs must follow the published settlement schedule
  • Compliance with NSE Clearing Limited Capital Market Regulations, 1997, Regulation 6.2
  • Contact help desk for any clarifications at securities_ops@nsccl.co.in or 1800 266 0050

Important Dates

Regular Debt Settlements (Type ‘I’):

  • First settlement: October 1, 2025 (trades) → October 3, 2025 (settlement)
  • Last settlement: October 31, 2025 (trades) → November 3, 2025 (settlement)

Debt Auction Settlements (Type ‘2’):

  • First settlement: October 3, 2025 (trades) → October 6, 2025 (settlement)
  • Last settlement: November 3, 2025 (trades) → November 4, 2025 (settlement)

Impact Assessment

This operational circular ensures smooth functioning of the debt market by providing clear settlement timelines. Medium impact for debt market participants who need to plan their operations, funding, and risk management activities around these settlement dates. Essential for operational planning but does not affect trading rules or market structure.

Impact Justification

Operational circular providing settlement dates for debt segment - important for market participants' operational planning