Description

NSE announces mock trading session in Securities Lending and Borrowing Market (SLBM) segment on November 01, 2025 with no new version release.

Summary

NSE will conduct a mock trading session in the Securities Lending and Borrowing Market (SLBM) segment on Saturday, November 01, 2025. This is a routine testing session with no new NEAT version release. The session includes trading from both primary and DR sites, with NEAT version 1.3.3 remaining in use.

Key Points

  • Mock trading scheduled for Saturday, November 01, 2025 in SLBM segment
  • No new version release - NEAT 1.3.3 will continue to be used
  • Two trading sessions planned: Session-1 from Primary Site (11:15-14:00) and Session-2 from DR Site (15:00-15:30)
  • Contingency testing period from 12:00 to 13:30 during Session-1
  • Live re-login window from 18:30 to 19:00
  • All outstanding orders will be cleared before each session
  • No financial obligations - trades will not result in fund pay-in or pay-out
  • Only valid and compliant UCC/PAN uploaded before cutoff will be allowed (except during contingency time)
  • NOTIS application accessible during session-2
  • Connect2NSE and Extranet unavailable from 13:00 until end of mock session
  • Extranet API unavailable from 13:00 to 13:45

Regulatory Changes

No regulatory changes introduced. This circular references existing regulations:

  • NSE/MSD/67674 dated April 24, 2025 for connectivity details
  • NSE/MSD/46441 and SEBI/HO/MRD1/DSAP/CIR/P/2020/234 regarding software testing requirements
  • NSE/ISC/51754 dated March 24, 2022 and NSE/ISC/52722 dated June 23, 2022 regarding UCC/PAN validation

Compliance Requirements

Eligibility and Access:

  • All members enabled for trading in SLBM segment in live market are automatically eligible
  • Participation enabled using existing User IDs, IPs, and Box ID mappings from live environment
  • Members must ensure successful telnet connectivity to Exchange host from intended IP address
  • Box ID must be created on IP with appropriate messages for the segment

For NNF Application Users:

  • User ID must be of dealer type
  • Must be converted for NNF
  • Must be mapped with the IP
  • Members using NNF software must manually clear orders in their systems

UCC/PAN Requirements:

  • Only valid and compliant UCC/PAN uploaded and approved before cutoff will be allowed
  • UCC validation will be skipped during contingency time for order entry
  • For queries, contact uci@nse.co.in

Participation:

  • Members should participate using all trading software
  • Members should re-login into live environment to ensure smooth connectivity for Monday, November 03, 2025

Important Dates

November 01, 2025 - Mock Trading Schedule:

  • 11:15 - Normal Market open time (Session-1 from Primary Site)
  • 12:00 - Contingency start time
  • 13:00 - Connect2NSE and Extranet unavailable (until end of mock session)
  • 13:00-13:45 - Extranet API unavailable
  • 13:30 - Contingency end time
  • 14:00 - Normal Market close time (Session-1)
  • 15:00 - Normal Market open time (Session-2 from DR Site)
  • 15:30 - Normal Market close time (Session-2)
  • 18:30 - Live re-login start time
  • 19:00 - Live re-login close time

November 03, 2025:

  • Regular trading resumes on Monday

Impact Assessment

Market Impact: Minimal to none. This is a mock trading session with no financial obligations and no real trades executed.

Operational Impact:

  • Members need to allocate resources for mock trading participation on Saturday
  • Testing opportunity for disaster recovery procedures and contingency operations
  • Validates member systems and connectivity ahead of the trading week
  • Members can test compliance with SEBI regulatory requirements using either mock trading or simulated environment
  • Brief unavailability of Connect2NSE, Extranet, and Extranet API during specified hours

Technical Impact:

  • No new version deployment reduces technical risk
  • Continuation of NEAT 1.3.3 ensures stability
  • Testing of both primary and DR site operations enhances business continuity preparedness

Support Availability:

Impact Justification

Routine mock trading session for testing purposes with no new version release or regulatory changes. No financial obligations or market impact. Primarily operational in nature for member preparedness.