Description
Modified settlement and client margin reporting schedule for commodity derivatives segment due to live trading session on Sunday, February 01, 2026 on account of Union Budget presentation.
Summary
NSE Clearing Limited has issued modified settlement and client margin reporting schedules for the Commodity Derivatives Segment on account of the live trading session scheduled for Sunday, February 01, 2026, coinciding with the Union Budget presentation. This circular references earlier circular no. 04/2026 dated January 16, 2026 and provides specific timelines for pay-in/pay-out transactions and client margin reporting sign-off dates.
Key Points
- Live trading session scheduled on Sunday, February 01, 2026 on account of Union Budget presentation
- Pay-in/pay-out transactions for February 01, 2026 trading will be settled on February 02, 2026
- Two settlement rounds scheduled on February 02, 2026 with both pay-in times at 9:00 hrs
- Modified client margin reporting sign-off dates from February 01 to February 06, 2026
- Circular issued by NSE Clearing Limited’s Commodity Derivatives Segment
Regulatory Changes
No permanent regulatory changes. This is a temporary operational adjustment to accommodate the special Sunday trading session on February 01, 2026.
Compliance Requirements
Settlement Schedule Compliance:
- Members must ensure pay-in completion by 9:00 hrs on February 02, 2026 for both settlement rounds
- First round settlement: Trade date January 30, 2026
- Second round settlement: Trade date February 01, 2026
Client Margin Reporting Compliance: Members must adhere to the following revised sign-off schedule:
- Trade Date: January 23, 2026 → Sign Off Date: February 01, 2026
- Trade Date: January 27, 2026 → Sign Off Date: February 02, 2026
- Trade Date: January 28, 2026 → Sign Off Date: February 03, 2026
- Trade Date: January 29, 2026 → Sign Off Date: February 04, 2026
- Trade Date: January 30, 2026 → Sign Off Date: February 05, 2026
- Trade Date: February 01, 2026 → Sign Off Date: February 06, 2026
Important Dates
- February 01, 2026: Live trading session on Sunday (Union Budget day)
- February 02, 2026: Settlement day with two rounds of pay-in/pay-out (9:00 hrs for both)
- February 01-06, 2026: Modified client margin reporting sign-off period
Impact Assessment
Operational Impact (Medium): Commodity derivatives segment members need to adjust their settlement operations to accommodate the Sunday trading session. Staff and systems must be available on Sunday (February 01) for trading and on Monday (February 02) for dual settlement rounds.
Market Impact (Low to Medium): The special trading session allows market participants to respond to Union Budget announcements in real-time. The compressed settlement and margin reporting timeline requires careful operational planning by members.
Compliance Impact (Medium): Members must ensure their back-office systems and processes are configured for the modified settlement schedule and extended client margin reporting sign-off dates. Contact details provided: Phone 1800 266 0050 (IVR Option 2), Email: fao_clearing_ops@nsccl.co.in for queries.
Impact Justification
Operational circular affecting settlement timelines and margin reporting schedules for commodity derivatives members due to special Sunday trading session. Important for operational compliance but routine procedural adjustment.