Description
NSE Clearing modifies settlement schedule for September 2025, adding September 08 as settlement holiday due to RBI press release regarding public holiday changes.
Summary
NSE Clearing Limited has modified the settlement schedule for commodity derivatives segment in September 2025. The changes are in response to RBI press release 2025-2026/1042 regarding changes in public holidays under the Negotiable Instruments Act. September 08, 2025 will now be an additional settlement holiday alongside the previously declared September 05, 2025.
Key Points
- Partial modification to earlier circular NCL/COM/65909 dated December 31, 2024
- September 05, 2025 continues to be a settlement holiday
- September 08, 2025 is now additionally declared as settlement holiday
- Changes affect commodity derivatives segment settlement schedule
- Based on RBI press release 2025-2026/1042 regarding public holiday changes
Regulatory Changes
The settlement schedule has been revised due to RBI notification regarding changes in public holidays under the Negotiable Instruments Act. This represents an update to the calendar year 2025 settlement holidays previously communicated.
Compliance Requirements
- All commodity derivatives segment members must note the revised settlement dates
- Trading operations must be adjusted according to the new settlement schedule
- Settlement processes for trades executed on September 04 and 05, 2025 will be affected
Important Dates
- September 05, 2025: Settlement holiday (confirmed)
- September 08, 2025: Additional settlement holiday (newly declared)
- Trade Date September 04, 2025: Settlement date remains September 08, 2025
- Trade Date September 05, 2025: Settlement date remains September 09, 2025
Impact Assessment
The changes provide operational clarity for commodity derivatives trading members regarding settlement schedules. While the impact is limited to specific dates in September 2025, members need to adjust their settlement processes accordingly. The modification ensures compliance with updated public holiday declarations and maintains orderly settlement operations.
Impact Justification
Schedule changes affect all commodity derivatives trading members but are temporary adjustments for specific dates