Description

NSE Clearing Limited announces the settlement schedule for Debt Segment (Rolling T+1) and Debt Auction Settlement for February 2026.

Summary

NSE Clearing Limited has notified the settlement schedule for the Debt Segment for February 2026, covering both regular Debt Settlement (Type ‘I’) and Debt Auction Settlement (Type ‘2’). The circular is issued under Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997) and provides the complete calendar for T+1 rolling settlements throughout the month.

Key Points

  • Settlement calendar covers February 2026 for Debt Segment
  • Two settlement types included: Type ‘I’ (Regular Debt Settlement) and Type ‘2’ (Debt Auction Settlement)
  • All settlements follow T+1 rolling cycle
  • Regular debt settlements: 19 settlement cycles from Settlement No. 2026022 to 2026040
  • Debt auction settlements: 19 auction cycles with same settlement numbers
  • Trade dates range from February 2, 2026 to February 27, 2026
  • Settlement dates range from February 3, 2026 to March 4, 2026
  • Circular reference: NCL/DS/72230 (Download Ref) and 013/2025 (Circular Ref)

Regulatory Changes

No regulatory changes. This is a routine operational notification published in accordance with existing Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997).

Compliance Requirements

  • Members, Custodians, and PCMs must adhere to the published settlement schedule
  • All debt segment participants must align their operations with the specified trade dates and settlement dates
  • Participants should note specific settlement date adjustments (e.g., February 19 settlement for February 18 trades, skipped trading days)

Important Dates

Regular Debt Settlement (Type ‘I’):

  • First trade date: February 2, 2026 (Settlement: February 3, 2026)
  • Last trade date: February 27, 2026 (Settlement: March 2, 2026)
  • Total trading days: 19 days
  • Non-trading days in February 2026: February 1, 7, 8, 14, 15, 19, 21, 22, 28

Debt Auction Settlement (Type ‘2’):

  • First trade date: February 3, 2026 (Settlement: February 4, 2026)
  • Last trade date: March 2, 2026 (Settlement: March 4, 2026)
  • Auction settlement follows one day after corresponding regular settlement trade date

Impact Assessment

Market Impact: Minimal. This is a routine administrative calendar publication that enables market participants to plan their debt segment operations for February 2026.

Operational Impact: Low. Members and custodians can schedule their settlement activities, fund management, and operational resources according to the published dates. The T+1 rolling settlement structure remains unchanged from previous months.

Participant Action Required: No immediate action beyond incorporating these dates into operational calendars and systems. Participants should contact NSE Clearing help desk (1800 266 0050, IVR Option 2) or email securities_ops@nsccl.co.in for clarifications.

Impact Justification

Routine monthly settlement calendar publication for debt segment operations. No policy changes or regulatory updates, purely informational for operational planning.