Description

NSE Clearing Limited announces the settlement schedule for Debt Segment and Debt Auction Settlement for March 2026, covering rolling T+1 settlements.

Summary

NSE Clearing Limited has notified the settlement schedule for the Debt Segment for March 2026, pursuant to Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997). The circular provides two settlement schedules: Debt Settlement (Settlement Type ‘I’) and Debt Auction Settlement (Settlement Type ‘2’), both following a rolling T+1 settlement cycle.

Key Points

  • Settlement schedules cover the month of March 2026
  • Two types of settlements: Type ‘I’ (Debt Settlement) and Type ‘2’ (Debt Auction Settlement)
  • Both settlement types follow rolling T+1 settlement cycle
  • 18 settlement numbers scheduled for March 2026 (Settlement No. 2026042 to 2026059)
  • First trade date: March 2, 2026; Last trade date: March 30, 2026
  • Contact for queries: Help desk at 1800 266 0050 (IVR Option 2) or securities_ops@nsccl.co.in

Regulatory Changes

No regulatory changes introduced. This is a routine notification of settlement calendar as per existing regulations.

Compliance Requirements

No new compliance requirements. Members, custodians, and PCMs should note the settlement dates for operational planning.

Important Dates

Debt Settlement (Type ‘I’) - March 2026:

  • Settlement period: March 2, 2026 to March 30, 2026 (trade dates)
  • Daily settlement dates: March 4, 2026 to April 2, 2026
  • Total settlements: 18
  • Holidays/Non-trading days: March 3, 7-8, 14-15, 19, 21-22, 26, 28-29, 31

Debt Auction Settlement (Type ‘2’) - March 2026:

  • Settlement period: March 4, 2026 to April 2, 2026 (trade dates)
  • Daily settlement dates: March 5, 2026 to April 4, 2026
  • Total settlements: 18
  • Same non-trading days as Type ‘I’

Impact Assessment

Minimal market impact. This is a routine administrative circular that provides advance notice of settlement schedules to facilitate operational planning by market participants. The T+1 settlement cycle continues as per existing framework. Members and custodians can plan their operations, fund management, and settlement obligations based on these dates.

Impact Justification

Routine administrative circular providing settlement calendar for debt segment with no regulatory changes or compliance requirements