Description
NSE suspends trading of ZCZP securities issued by Swades Foundation effective February 05, 2026.
Summary
The National Stock Exchange of India has announced the suspension of Zero Coupon Zero Principal (ZCZP) securities issued by Swades Foundation. The suspension will be effective from February 05, 2026. ZCZP securities, also known as social impact bonds, will no longer be tradeable on the exchange.
Key Points
- Swades Foundation ZCZP securities (Symbol: SWADES-SE, ISIN: INS0SSB12013) suspended from trading
- Suspension effective from February 05, 2026
- All trading activity in these securities will cease
- Circular issued by NSE Listing Department
Regulatory Changes
No regulatory framework changes. This is an administrative action suspending specific securities from trading on the exchange.
Compliance Requirements
- Members must discontinue all trading activities in SWADES-SE securities from February 05, 2026
- Existing positions and holdings affected by suspension
- Investors holding these securities cannot trade them on NSE from the effective date
Important Dates
- Circular Date: February 03, 2026
- Effective Date: February 05, 2026
Impact Assessment
Market Impact: High - Complete suspension eliminates liquidity for holders of Swades Foundation ZCZP securities. Investors will be unable to exit positions through exchange trading.
Investor Impact: High - Holders of SWADES-SE securities face immediate illiquidity. Secondary market trading avenue completely removed.
Operational Impact: Medium - Exchange members must update trading systems to block transactions in the suspended security. Settlement of any pending transactions must be completed before suspension date.
Impact Justification
Complete suspension of ZCZP securities impacts investors holding these social impact bonds and halts all trading activity