Description
Special live trading session will be held on Sunday, February 01, 2026 in SLB market during presentation of Union Budget with modified settlement schedules.
Summary
NSE Clearing Limited has announced that a live trading session will be held in the Securities Lending & Borrowing (SLB) market on Sunday, February 01, 2026, coinciding with the presentation of the Union Budget. The session will follow normal trading day timings with specific settlement schedules and obligation timings for participants and custodians.
Key Points
- Live trading session in SLB market on Sunday, February 01, 2026
- Normal market timings will apply as on regular trading days
- CP code modification deadline: 17:15 hrs on T Day
- Custodial confirmation deadline: 18:30 hrs on T Day
- Final obligation to participants: 19:00 hrs on T Day
- Settlement number for February 01, 2026 transactions: 2026300
- First leg settlement on Monday, February 02, 2026
Regulatory Changes
No permanent regulatory changes. This is a one-time special trading arrangement for the Union Budget presentation day.
Compliance Requirements
For Participants and Custodians:
- Ensure readiness for live trading on Sunday, February 01, 2026
- Adhere to T Day process timings:
- CP code modification by 17:15 hrs
- Custodial confirmation by 18:30 hrs
- Final obligation acknowledgment by 19:00 hrs
- Follow revised clearing and settlement schedules for February 02, 2026
Important Dates
February 01, 2026 (Sunday):
- Live trading session in SLB market
- Settlement number: 2026300
February 02, 2026 (Monday) - Revised Settlement Schedule:
| Settlement Type & Number | Transaction Date | Pay-in at NCL | Pay-out at NCL |
|---|---|---|---|
| L 2026021 | 30-Jan-2026 | 08:00 hrs | 09:30 hrs |
| P 2026721 | - | 08:30 hrs | 09:45 hrs |
| L 2026300 | 01-Feb-2026 | 10:15 hrs | 12:00 hrs |
Impact Assessment
Market Impact:
- High impact on SLB market participants requiring operational readiness on a non-business day (Sunday)
- Additional staffing and system availability needed for weekend trading
Operational Impact:
- Modified settlement schedules on February 02, 2026 with multiple settlement cycles
- Compressed timelines for T Day processes requiring efficient execution
- Coordination required between participants, custodians, and clearing corporation
Reference: This circular references NSE circular no. 11/2026 (Download Ref No: NSE/CMTR/72349) dated January 16, 2026 regarding the live trading session announcement.
Impact Justification
Special trading session on Sunday for Union Budget affects all SLB market participants with modified settlement schedules and timings