Description

NSE Clearing Limited publishes the settlement calendar for April 2026 covering Normal Rolling (T+1), Auction, Trade for Trade, ITP for SME, and Normal Rolling (T+0) settlement types for the Capital Market Segment.

Summary

NSE Clearing Limited (formerly National Securities Clearing Corporation Ltd.) has issued the settlement calendar for April 2026 for the Capital Market Segment. The circular covers five settlement types: Normal Rolling T+1 (Type M), Auction Normal T+1 (Type A), Trade for Trade T+1 (Type Z), ITP for SME T+1 (Type B), and Normal Rolling T+0 (Type 5), pursuant to Regulation 6.2 of the NSCCL Capital Market Regulations, 1997.

Key Points

  • Settlement schedules span April 1–30, 2026 across five settlement types
  • Normal Rolling T+1 (Type M) covers settlement numbers 2026061 to 2026080
  • April 3–4 (weekend) and April 14 (holiday) are excluded from trading days
  • Last April settlement (2026080, trade date Apr 30) settles on May 4, 2026 due to intervening holidays
  • Auction Normal T+1 (Type A) covers settlement numbers 2026061 to 2026066 beginning April 6
  • Applicable to all Members, Custodians, and PCMs of NSE

Regulatory Changes

No new regulatory changes introduced. This circular is issued in pursuance of Regulation 6.2 of the National Securities Clearing Corporation (Capital Market Regulations, 1997) as a routine operational notification.

Compliance Requirements

  • All Members, Custodians, and Principal Clearing Members (PCMs) must adhere to the published settlement schedules for April 2026
  • Custodial confirmations must be completed by the dates specified in each annexure
  • For queries, contact the NSE Clearing help desk at 1800 266 0050 (IVR Option 2) or securities_ops@nsccl.co.in

Important Dates

  • April 1, 2026: First trading day of April; T+1 settlement on April 2
  • April 14, 2026: Trading holiday (settlement skips from Apr 13 to Apr 15)
  • April 30, 2026: Last trading day of April; settlement on May 4, 2026
  • Settlement numbers 2026061–2026080 cover the full month of April 2026

Impact Assessment

This is a routine operational circular with medium operational impact. All market participants — members, custodians, and PCMs — must align their back-office and settlement operations with the published calendar. The extended settlement lag for the April 30 trade date (settling May 4) due to intervening holidays warrants attention for end-of-month liquidity planning. No market-wide disruptions or new compliance burdens are introduced.

Impact Justification

Routine monthly settlement calendar notice affecting all market members and custodians; operationally important for trade planning but does not introduce regulatory changes.