Description

NSE Clearing announces settlement schedules for February 2026 covering Normal Rolling (T+1), Auction, Trade for Trade, ITP for SME, and T+0 settlements in the Capital Market Segment.

Summary

NSE Clearing Limited has published the settlement calendar for February 2026 for the Capital Market Segment. The circular provides detailed schedules for five settlement types: Normal Rolling (T+1) settlement type M, Normal Auction settlement type A, Trade for Trade (T+1) settlement type Z, ITP for SME (T+1) settlement type B, and Normal Rolling (T+0) settlement type 5. This is issued in pursuance of Regulation 6.2 of the National Securities Clearing Corporation (Capital Market Regulations, 1997).

Key Points

  • Settlement calendar covers February 2026 for Capital Market Segment
  • Five distinct settlement types with separate schedules provided in annexures
  • Normal Rolling (T+1) settlement type M covers 20 settlements from 2026022 to 2026041
  • Auction settlements run from settlement numbers 2026022 to 2026041
  • Trade period spans from February 2nd to March 2nd, 2026
  • Special note: Shortages of 2025035 will be merged with 2025036 with no auction in 2025035
  • Custodial confirmation dates align with trade end dates for most settlements

Regulatory Changes

No regulatory changes introduced. This circular is a routine notification under existing Regulation 6.2 of the National Securities Clearing Corporation (Capital Market Regulations, 1997).

Compliance Requirements

  • All Members, Custodians, and PCMs must adhere to the published settlement schedules
  • Custodial confirmations must be completed by specified dates
  • Settlement obligations must be fulfilled according to the dates specified in each annexure
  • Members should note the merger of shortages from settlement 2025035 into 2025036
  • For clarifications, contact the help desk at 1800 266 0050 (IVR Option 2) or securities_ops@nsccl.co.in

Important Dates

  • Circular Issue Date: January 9, 2026
  • Calendar Period: February 2026
  • First Trade Start Date: February 2, 2026 (Settlement 2026022)
  • Last Trade End Date: March 2, 2026 (Settlement 2026041)
  • First Settlement Date: February 3, 2026
  • Last Settlement Date: March 4, 2026
  • Note: Settlement schedules account for weekends and the trading holiday on January 15, 2026

Impact Assessment

Market Impact: Minimal - This is a routine administrative circular providing operational schedules.

Operational Impact: Low - Standard monthly calendar that enables market participants to plan their settlement activities, fund management, and custodial operations for February 2026. The calendar maintains the existing T+1 and T+0 settlement framework without introducing changes to settlement cycles or processes.

Stakeholder Impact: All clearing members, custodians, and PCMs need to reference these schedules for their February 2026 operations, but this represents business-as-usual activity with no new compliance burdens or operational changes.

Impact Justification

Routine monthly settlement calendar notification with standard operational schedules. No policy changes or market impact, just administrative scheduling information for market participants.