Description
NSE revises commodity derivatives settlement schedule for January 14, 2026 trades, postponing settlement from January 15 to January 16, 2026 due to Municipal Corporation Elections.
Summary
NSE Clearing Limited has revised the settlement schedule for commodity derivatives trades executed on January 14, 2026. Due to Municipal Corporation Elections on January 15, 2026, the settlement date has been postponed by one day from January 15, 2026 to January 16, 2026. This is a partial modification to the earlier circular NCL/COM/71931 dated December 22, 2025.
Key Points
- Settlement schedule revised for commodity derivatives segment
- Trades executed on January 14, 2026 affected
- Original settlement date: January 15, 2026
- Revised settlement date: January 16, 2026
- Reason: Municipal Corporation Elections on January 15, 2026
- Partial modification to earlier circular NCL/COM/71931 dated December 22, 2025
- Department: Commodity Derivatives Segment
- Circular Reference: 009/2026
Regulatory Changes
No permanent regulatory changes. This is a one-time operational adjustment to the settlement calendar for commodity derivatives.
Compliance Requirements
- All members of the commodity derivatives segment must note the revised settlement schedule
- Members should adjust their operational processes to accommodate the one-day settlement postponement
- Ensure adequate fund and collateral arrangements for the revised settlement date of January 16, 2026
Important Dates
- Trade Date: January 14, 2026
- Original Settlement Date: January 15, 2026 (now revised)
- Revised Settlement Date: January 16, 2026
- Circular Issue Date: January 09, 2026
Impact Assessment
Operational Impact: Medium - Members need to adjust their settlement workflows and ensure fund availability for the postponed settlement date. The one-day delay affects clearing and settlement operations for all commodity derivatives trades executed on January 14, 2026.
Market Impact: Low to Medium - The postponement is limited to one trading day and is announced in advance, allowing members to plan accordingly. No impact on trading activities, only on settlement processing.
Financial Impact: Minimal - One-day delay in settlement may affect short-term liquidity planning but poses no significant financial risk to market participants.
Impact Justification
Affects settlement timeline for commodity derivatives trades on a specific date, requiring operational adjustments by members but limited to one-day postponement