Description
NSE Clearing clarifies that settlements for September 4-5 and 8 will be conducted together on September 9, 2025.
Summary
NSE Clearing Limited has issued a clarification regarding settlement schedule changes for the Futures & Options segment in September 2025. Following RBI directive 2025-2026/1042, settlements for three specific trade days will be consolidated into a single settlement date.
Key Points
- Settlement consolidation for September 4, 5, and 8, 2025 trade days
- All three settlements will be conducted on September 9, 2025 (Tuesday)
- This follows previous circular NCL/CMPT/70030 dated September 4, 2025
- Change is in response to RBI press release 2025-2026/1042
Regulatory Changes
No permanent regulatory changes - this is a temporary operational adjustment for specific dates in September 2025 based on RBI directive.
Compliance Requirements
- All FO segment members must note the revised settlement schedule
- Members should adjust their operational processes for the consolidated settlement on September 9, 2025
- Contact clearing operations at fao_clearing_ops@nsccl.co.in or 18002660050 (IVR Option 2) for queries
Important Dates
- September 4, 2025 (Thursday): Trade day - settlement moved to September 9
- September 5, 2025 (Friday): Trade day - settlement moved to September 9
- September 8, 2025 (Monday): Trade day - settlement moved to September 9
- September 9, 2025 (Tuesday): Consolidated settlement date for all three trade days
Impact Assessment
Moderate operational impact on FO segment participants who need to adjust cash flow planning and settlement procedures for the specified dates. The consolidation may affect liquidity management for members but is limited to a specific short-term period.
Impact Justification
Operational clarification affecting FO segment settlement timing but limited to specific dates