Description
NSE Clearing revises settlement schedules for Securities Lending and Borrowing Scheme (SLBS) transactions on September 9 and 10, 2025 with updated pay-in and pay-out timings.
Summary
NSE Clearing Limited has revised the settlement schedule for Securities Lending and Borrowing Scheme (SLBS) transactions for September 9 and 10, 2025. The circular provides updated pay-in and pay-out timings for multiple settlement types (L, P, and Q series) to accommodate operational requirements.
Key Points
- Multiple settlements scheduled for September 9, 2025: L 2025169, L 2025170, P 2025858, Q 2025509
- Multiple settlements scheduled for September 10, 2025: L 2025171, L 2025172, P 2025859
- Pay-in timings range from 08:00 hrs to 10:15 hrs depending on settlement type
- Pay-out timings range from 09:45 hrs to 12:00 hrs depending on settlement type
- Participants must note revised cut-off timings at depository end
Regulatory Changes
No regulatory framework changes - operational schedule revision only.
Compliance Requirements
- All participants and custodians must adhere to revised settlement timings
- Take note of cut-off timings for pay-in at depository end due to revised settlement schedule
- Ensure operational readiness for multiple settlements on both days
Important Dates
- September 9, 2025: Four settlements with pay-in from 08:00-10:15 hrs, pay-out from 09:45-12:00 hrs
- September 10, 2025: Three settlements with pay-in from 08:00-10:15 hrs, pay-out from 09:45-12:00 hrs
- Transaction dates range from September 4-9, 2025
Impact Assessment
- Operational Impact: Medium - requires coordination of multiple settlement cycles on same days
- Market Impact: Low - primarily affects SLBS participants and clearing operations
- System Impact: Medium - participants must adjust systems for revised timings and multiple settlements
- Participant Impact: Medium - clearing members and custodians need to update operational procedures
Impact Justification
Operational change affecting SLBS settlement timings with specific impact on participants and custodians