Description

NSE Clearing announces the settlement schedule for Debt Segment transactions during December 2025, covering both regular debt settlements (Type I) and debt auction settlements (Type 2) on T+1 basis.

Summary

NSE Clearing Limited has issued the settlement calendar for the Debt Segment for December 2025. The circular provides the complete schedule for both regular debt settlements (Settlement Type ‘I’) and debt auction settlements (Settlement Type ‘2’), both operating on a T+1 (trade date plus one day) rolling settlement basis. The calendar covers 22 trading days from December 1, 2025 to December 31, 2025.

Key Points

  • Settlement schedule issued under Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997)
  • Two types of settlements covered: Debt Settlement (Type ‘I’) and Debt Auction Settlement (Type ‘2’)
  • All settlements follow T+1 rolling settlement cycle
  • 22 trading sessions scheduled for December 2025
  • Settlement numbers range from 2025223 to 2025244
  • Market holidays observed: December 25, 2025 (no trading session)
  • Final settlement for trades on December 31, 2025 will occur on January 1, 2026
  • Final auction settlement will occur on January 2, 2026

Regulatory Changes

No regulatory changes introduced. This is a routine operational calendar notification as per existing regulations.

Compliance Requirements

No new compliance requirements. Members, Custodians, and PCMs should note the settlement dates for operational planning and ensure timely settlement of obligations as per the published schedule.

Important Dates

December 2025 Trading Sessions:

  • First trading day: December 1, 2025 (Settlement: December 2, 2025)
  • Last trading day: December 31, 2025 (Settlement: January 1, 2026)
  • Market holiday: December 25, 2025

Settlement Date Range:

  • Debt Settlement Type ‘I’: December 2, 2025 to January 1, 2026
  • Debt Auction Settlement Type ‘2’: December 3, 2025 to January 2, 2026

Contact Information:

Impact Assessment

Market Impact: Minimal - This is a standard operational calendar that enables market participants to plan their settlement obligations.

Operational Impact: Low - Routine calendar notification that debt segment participants use for scheduling and liquidity management. The T+1 settlement cycle continues as established, with no changes to existing settlement processes.

Who is Affected: Members, Custodians, and PCMs trading in the NSE Debt Segment need to reference this calendar for settlement planning and fund/securities management during December 2025.

Impact Justification

Routine administrative circular providing settlement schedule for debt segment. No regulatory changes or compliance requirements, purely informational calendar for operational planning.