Description

NSE modifies F&O monthly settlement schedule for January 2026 due to trading holiday declared on January 15, 2026 for Municipal Corporation Elections in Maharashtra.

Summary

NSE Clearing Limited has modified the F&O monthly settlement schedule for January 2026 following the declaration of a trading holiday on January 15, 2026. The holiday is declared on account of Municipal Corporation Elections in Maharashtra. The previously scheduled settlement date of January 16, 2026 for trades on January 15, 2026 is now marked as “Not Applicable” due to the trading holiday.

Key Points

  • Trading holiday declared on January 15, 2026 for Municipal Corporation Elections in Maharashtra
  • F&O monthly settlement schedule for January 2026 has been modified
  • Settlement originally scheduled for January 16, 2026 (for January 15 trades) is now not applicable
  • This circular modifies the earlier circular NCL/CMPT/71930 dated December 22, 2025
  • Reference circular: NSE/FAOP/72262 dated January 12, 2026

Regulatory Changes

No new regulatory changes. This is an operational modification to accommodate the trading holiday declared for Municipal Corporation Elections in Maharashtra.

Compliance Requirements

  • All members must note the revised settlement schedule
  • Members should adjust their operational processes to account for the trading holiday on January 15, 2026
  • No settlement activities will be conducted for the holiday date

Important Dates

  • Circular Issue Date: January 12, 2026
  • Trading Holiday: January 15, 2026
  • Original Settlement Date (Now Cancelled): January 16, 2026

Impact Assessment

This modification has significant operational impact on all F&O market participants. The cancellation of trading on January 15, 2026 means no new positions will be created for settlement on January 16, 2026. Members need to adjust their settlement calendars, risk management systems, and client communication accordingly. The short notice (3 days) requires immediate operational adjustments by trading members, clearing members, and their systems.

Contact Information

  • Department: Futures & Options (NSE Clearing Limited)
  • Telephone: 18002660050 (IVR Option 2)
  • Email: fao_clearing_ops@nsccl.co.in
  • Circular Reference: NCL/CMPT/72276 (005/2026)
  • Issued by: Nisha Pillai, Vice President

Impact Justification

High importance and impact as this affects F&O settlement schedules for all market participants due to an unscheduled trading holiday, requiring immediate operational adjustments.