Description

NSE Clearing Limited announces multiple SLBS settlements on March 20, 2026 due to settlement holiday on March 19, 2026, with revised pay-in and pay-out timings for participants and custodians.

Summary

NSE Clearing Limited has announced that multiple Securities Lending and Borrowing Scheme (SLBS) settlements have been scheduled on March 20, 2026, owing to a settlement holiday on March 19, 2026. Participants and custodians must adhere to revised pay-in and pay-out timings and note corresponding depository cut-off times.

Key Points

  • Settlement holiday on March 19, 2026 has resulted in multiple SLBS settlements being clubbed on March 20, 2026.
  • Three settlement batches are scheduled on March 20, 2026 with distinct timings.
  • Participants and custodians must observe revised depository cut-off timings for pay-in.

Regulatory Changes

No new regulatory changes. This is an operational scheduling notice in response to a settlement holiday.

Compliance Requirements

  • All Participants and Custodians must note the revised settlement schedule and ensure timely pay-in within the specified windows.
  • Participants must also account for depository-end cut-off timings applicable due to the revised settlement schedule on March 20, 2026.

Important Dates

  • March 19, 2026: Settlement holiday (no SLBS settlement).
  • March 20, 2026: Multiple SLBS settlements scheduled:
    • L 2026053 (Transaction Date: March 18, 2026) — Pay-in: 08:00 hrs, Pay-out: 09:30 hrs
    • P 2026750 (Settlement Date: March 20, 2026) — Pay-in: 08:30 hrs, Pay-out: 09:45 hrs
    • L 2026054 (Transaction Date: March 19, 2026) — Pay-in: 10:15 hrs, Pay-out: 12:00 hrs

Impact Assessment

This circular has a moderate operational impact on SLBS participants and custodians. The compressed settlement schedule on March 20, 2026 requires careful management of pay-in obligations across three settlement windows within a single trading day. Failure to meet any of the specified pay-in timings could result in settlement failures. No impact on equity cash or derivatives markets broadly.

Impact Justification

Operational notice affecting participants and custodians in the SLBS segment with revised settlement timings due to a holiday; no regulatory change or broad market impact, but requires action from specific market participants.