Description
Settlement schedule for Mark to Market settlement in the Currency Derivatives Segment for February 2026, including special settlement dates for various contract types.
Summary
NSE Clearing Limited has published the Mark to Market settlement schedule for the Currency Derivatives Segment for February 2026. The circular provides daily trade and settlement dates, along with special final settlement dates for different contract types including 91-Day GOI T-Bill Futures, Cash Settled Interest Rate Contracts, Currency Futures and Options, and Overnight Call Rate (MIBOR) Contracts.
Key Points
- Daily settlement schedule runs from February 2-27, 2026
- Settlement occurs T+1 (next business day) for regular trades
- Final settlement for 91-Day GOI T-Bill Futures: February 26, 2026
- Final settlement for Cash Settled Interest Rate Contracts and Currency Futures/Options: February 27, 2026
- Final settlement for Overnight Call Rate (MIBOR) Contracts: March 2, 2026
- Circular reference: NCL/CD/72154, dated January 5, 2026
Regulatory Changes
No regulatory changes introduced. This is a routine monthly settlement schedule notification.
Compliance Requirements
All Currency Derivatives Segment members must adhere to the published settlement schedule for Mark to Market settlements during February 2026. Members must ensure timely settlement obligations are met according to the specified dates for different contract types.
Important Dates
Regular Settlement Schedule:
- Trade dates: February 2-27, 2026
- Settlement: T+1 basis (next business day)
Final Settlement Dates:
- February 26, 2026: 91-Day GOI T-Bill Futures Contracts (FEB 2026)
- February 27, 2026: Cash Settled Interest Rate Contracts and Cash Settled Currency Futures and Options Contracts (FEB 2026)
- March 2, 2026: Overnight Call Rate (MIBOR) Contracts (FEB 2026)
Impact Assessment
This is a routine administrative circular with minimal market impact. It provides operational clarity for Currency Derivatives Segment participants regarding settlement timelines for February 2026. The staggered final settlement dates for different contract types (T-Bill Futures, Interest Rate/Currency contracts, and MIBOR contracts) follow established market practices and allow for orderly settlement processing across product categories.
Impact Justification
Routine monthly settlement schedule notification with no changes to existing settlement processes or market impact