Description

NSE Clearing revises settlement schedule for multiple SLBS settlements on September 9, 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) on September 9, 2025. The circular modifies previous schedules and provides updated pay-in and pay-out timings for multiple settlements occurring on the same day.

Key Points

  • Four different settlements (L 2025169, L 2025170, P 2025858, Q 2025509) scheduled for September 9, 2025
  • Revised pay-in timings ranging from 08:00 hrs to 10:15 hrs
  • Revised pay-out timings ranging from 09:45 hrs to 12:00 hrs
  • Participants must note cut-off timings at depository end due to revised settlement timings

Regulatory Changes

Modification of circular NCL/CMPT/69854 dated August 26, 2025, regarding multiple settlements scheduled on September 8, 2025, now moved to September 9, 2025.

Compliance Requirements

  • All participants and custodians must adhere to the revised settlement schedule
  • Take note of cut-off timings for pay-in at the depository end
  • Ensure compliance with new pay-in and pay-out timings

Important Dates

  • Settlement Date: September 9, 2025
  • Pay-in Timings: 08:00 hrs, 08:30 hrs, 09:00 hrs, 10:15 hrs
  • Pay-out Timings: 09:45 hrs, 10:00 hrs, 11:30 hrs, 12:00 hrs

Impact Assessment

Medium operational impact on participants involved in SLBS transactions. Multiple settlements on a single day require careful coordination and adherence to staggered pay-in and pay-out timings to ensure smooth clearing and settlement operations.

Impact Justification

Operational change affecting settlement timings for multiple SLBS settlements on a single day