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