Description
NSE revises T+1 settlement schedule for September 9, 2025 due to settlement holiday on September 8, with multiple settlements and updated pay-in/pay-out timings.
Summary
NSE Clearing Limited has revised the settlement schedule for September 9, 2025, due to a settlement holiday on September 8, 2025. The circular provides updated timings for T+1 settlements, early pay-in procedures, and MTF file uploads for capital market segment participants.
Key Points
- Settlement holiday on September 8, 2025 affects T+0 settlement (2025666)
- Multiple T+1 settlements scheduled for September 9, 2025 with revised timings
- Early pay-in cut-off time set at 9 p.m. for securities on September 9, 2025
- Updated MTF file upload timings provided for affected settlement numbers
- Depository cut-off timings adjusted due to revised settlement schedule
Regulatory Changes
No new regulatory changes introduced. This is an operational adjustment to existing settlement procedures due to a holiday.
Compliance Requirements
- Members, Custodians, and PCMs must note revised settlement timings
- Early pay-in securities must be marked in depository system by trading day for margin reporting
- Adherence to updated cut-off timings at depository end
- Follow specified MTF file upload windows
Important Dates
- September 8, 2025: Settlement holiday (no T+0 settlement 2025666)
- September 9, 2025: Multiple T+1 settlements with revised timings
- Early pay-in cut-off: 9 p.m. on September 9, 2025
- MTF upload windows: Various timings from September 4-9, 2025
Impact Assessment
Medium operational impact on all capital market participants requiring adjustment to settlement procedures and timing coordination. Members need to align their operations with revised pay-in/pay-out schedules and ensure compliance with updated cut-off times for seamless settlement processing.
Impact Justification
Operational circular affecting settlement timings for all market participants on specific date