Description
NSE Clearing announces additional settlement holidays for September 5 and 8, 2025 in the cash segment due to public holiday changes.
Summary
NSE Clearing Limited has announced changes to the settlement schedule for September 2025, designating both September 5 and September 8, 2025 as settlement holidays in the cash segment. This modification is based on RBI press release regarding changes in Public Holiday under Negotiable Instruments Act.
Key Points
- September 5, 2025 continues to be a settlement holiday
- September 8, 2025 is now also designated as a settlement holiday
- Changes are in partial modification to previous circulars from December 2024 and August 2025
- Revised settlement schedule will be published separately
Regulatory Changes
The circular modifies the previously announced settlement calendar for 2025, adding September 8, 2025 as an additional settlement holiday based on RBI’s updated public holiday notification under the Negotiable Instruments Act.
Compliance Requirements
- All Members, Custodians, and PCMs must note the revised settlement holidays
- Market participants should adjust their settlement planning accordingly
- Await separate publication of revised settlement schedule
Important Dates
- September 5, 2025: Settlement holiday (confirmed)
- September 8, 2025: Settlement holiday (newly added)
- Revised settlement schedule: To be published separately
Impact Assessment
The additional settlement holiday on September 8, 2025 will affect settlement cycles for cash segment transactions. Market participants need to adjust their operational planning and liquidity management for the extended settlement break during this period.
Impact Justification
Settlement schedule changes affect all market participants but are routine operational adjustments