Description

NSE Clearing Limited announces a mock session on March 07, 2026 to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations, specifically for Currency Derivatives segment members.

Summary

NSE Clearing Limited (NCL) is conducting a mock session on March 07, 2026 to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations. This is part of a SEBI-mandated quarterly exercise to ensure business continuity and familiarize members with SaaS interfaces and functionalities, particularly for the Currency Derivatives segment.

Key Points

  • Mock session scheduled for March 07, 2026 by NSE Clearing Limited (NCL)
  • NCL will invoke its SaaS setup between 13:00 hrs – 13:30 hrs
  • NCL will be operational using SaaS setup (NCL@ICCL) between 13:30 hrs – 14:00 hrs
  • Members are expected to actively participate and test all associated functionalities
  • Session timings details have been separately issued by respective Exchanges
  • Reference circular: NCL/CD/56357 dated April 13, 2023 (circular no. 025/2023) for SOPs and member interface guidelines

Regulatory Changes

No new regulatory changes introduced. This circular is in reference to SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which mandates mock SaaS sessions at least once per quarter to ensure business continuity for clearing corporations.

Compliance Requirements

  • All members of NCL in the Currency Derivatives segment must participate in the mock session on March 07, 2026
  • Members who have existing login credentials (as per circular NCL/CD/56357) should use the same for the mock session
  • Members who have not yet obtained login credentials must email support@nsccl.co.in to request access
  • Members should test all functionalities associated with the SaaS setup during the session

Important Dates

  • March 07, 2026: Mock session date
  • 13:00 hrs – 13:30 hrs: NCL invokes its SaaS setup
  • 13:30 hrs – 14:00 hrs: NCL operational using SaaS setup (NCL@ICCL)

Impact Assessment

This is a routine operational exercise with no direct market or trading impact. The mock session is limited to Currency Derivatives segment members and is designed to ensure operational preparedness in the event of a clearing corporation failover. Members who have not previously obtained SaaS login credentials should do so promptly to avoid being excluded from the exercise. The following system links are available for testing:

Impact Justification

Routine quarterly mock session for SaaS testing mandated by SEBI; no market-wide or stock-specific impact, limited to operational readiness for clearing members in the currency derivatives segment.