Description
Modified settlement schedule and client margin reporting timelines for trading session on February 01, 2026 (Union Budget day).
Summary
NSE Clearing Limited has issued modified settlement and client margin reporting schedules for the special live trading session on Sunday, February 01, 2026 (Union Budget presentation day). Pay-in/pay-out transactions for February 01 trades will be settled on February 02, 2026 in sequential rounds alongside the regular settlement due that day.
Key Points
- Special trading session scheduled on Sunday, February 01, 2026 for Union Budget presentation
- Pay-in/pay-out for February 01 trades will be settled on February 02, 2026
- Two sequential settlement rounds on February 02: trades from January 30 (1st round) and February 01 (2nd round)
- Both settlement rounds will have pay-in time at 9:00 hrs on February 02, 2026
- Modified client margin reporting sign-off dates from February 01-06, 2026
Regulatory Changes
No permanent regulatory changes. This is a temporary operational adjustment for the Union Budget day trading session.
Compliance Requirements
- Members must adhere to sequential settlement schedule on February 02, 2026
- Pay-in transactions for both settlement rounds must be completed by 9:00 hrs on February 02
- Client margin reporting must follow the revised sign-off schedule
- Members should prepare systems for handling two settlement rounds on the same day
Important Dates
- February 01, 2026: Special live trading session (Sunday)
- February 02, 2026: Dual settlement rounds - trades from January 30 (1st) and February 01 (2nd) at 9:00 hrs
- February 01-06, 2026: Modified client margin reporting sign-off dates
- January 23 trades: Sign-off February 01
- January 27 trades: Sign-off February 02
- January 28 trades: Sign-off February 03
- January 29 trades: Sign-off February 04
- January 30 trades: Sign-off February 05
- February 01 trades: Sign-off February 06
Impact Assessment
Operational Impact: Medium - Members need to adjust operational processes to handle two settlement rounds on the same day (February 02). System configurations and staffing arrangements must accommodate the sequential settlement process.
Market Impact: Low - This is purely an operational adjustment that does not affect trading rules or margin requirements. The sequential settlement approach ensures orderly processing of obligations.
Compliance Impact: Medium - Members must track and adhere to modified timelines for both settlements and client margin reporting. Failure to meet the 9:00 hrs pay-in deadline for either round could result in penalties.
Reference: This circular refers to NSE circular no. 07/2025 (Download Ref No. NSE/FAOP/72352) dated January 16, 2026 regarding the Live Trading session announcement.
Impact Justification
Operational circular affecting settlement and margin reporting schedules for F&O segment on Union Budget day. Important for operational compliance but temporary adjustment.