Description

NSE Clearing updates the settlement calendar for Corporate Bond Repo on an Interim Clean System (CBRICS) for January 2026 with revised settlement dates and numbers.

Summary

NSE Clearing Limited has issued a revised settlement calendar for the Corporate Bond Repo on an Interim Clean System (CBRICS) for January 2026. Participants and custodians are required to transfer securities using the settlement mode ‘On-market’ with CM-BP ID IN568177 under NSE Clearing Ltd. The circular provides updated settlement dates and corresponding settlement numbers for the month.

Key Points

  • Market Type: Corporate Bond
  • Clearing Member: NSE Clearing Ltd.
  • CM-BP ID: IN568177
  • Settlement mode to be used: On-market
  • Settlement calendar covers January 14-30, 2026
  • 11 settlement dates scheduled for January 2026
  • Previously used DP details (IN001002-10000617) not valid since September 3, 2019

Regulatory Changes

No new regulatory changes introduced. This is an operational calendar update for existing CBRICS settlement process.

Compliance Requirements

  • Participants and custodians must transfer securities for CBRICS settlement based on the revised calendar
  • Must use settlement mode as ‘On-market’
  • Must use CM-BP ID: IN568177 for NSE Clearing Ltd.
  • Transfers must be processed through NSDL/CDSL as per the settlement schedule
  • Old DP details (IN001002-10000617) should not be used

Important Dates

Settlement Schedule for January 2026:

  • January 14, 2026 - Settlement No. 2601014
  • January 16, 2026 - Settlement No. 2601016
  • January 19, 2026 - Settlement No. 2601019
  • January 20, 2026 - Settlement No. 2601020
  • January 21, 2026 - Settlement No. 2601021
  • January 22, 2026 - Settlement No. 2601022
  • January 23, 2026 - Settlement No. 2601023
  • January 27, 2026 - Settlement No. 2601027
  • January 28, 2026 - Settlement No. 2601028
  • January 29, 2026 - Settlement No. 2601029
  • January 30, 2026 - Settlement No. 2601030

Impact Assessment

This circular has medium operational impact on debt market participants and custodians involved in corporate bond repo transactions. Participants must ensure their systems and processes are updated with the revised settlement calendar to avoid settlement failures. The update is routine in nature but critical for smooth functioning of the CBRICS platform during January 2026.

Impact Justification

Operational update affecting debt market participants and custodians for CBRICS settlements. Medium importance as it provides revised settlement schedule for January 2026, requiring participants to use updated settlement numbers and dates.