Description

NSE will conduct a mock trading session in the Securities Lending and Borrowing Market (SLBM) on March 14, 2026, with no new version release. Members must participate to ensure smooth connectivity for Monday, March 16, 2026.

Summary

NSE is conducting a mock trading session in the Securities Lending and Borrowing Market (SLBM) on Saturday, March 14, 2026. There is no new version release associated with this mock session. The exercise covers two trading sessions — one from the Primary Site and one from the Disaster Recovery (DR) Site — and members are encouraged to participate to ensure seamless connectivity for live trading on Monday, March 16, 2026.

Key Points

  • Mock trading will be held on March 14, 2026 in the SLBM segment
  • No new software version will be released for this mock session; NEAT version 1.3.3 is in use
  • Two trading sessions scheduled: Session 1 from Primary Site (09:15–12:15) and Session 2 from DR Site (13:15–13:45)
  • Re-login timings: 16:30 (start) to 17:00 (close)
  • All outstanding orders will be cleared before each session
  • Trades during mock sessions carry no financial obligation (no fund pay-in or pay-out)
  • NOTIS application will not be accessible during the mock session
  • UCC/PAN validation will be skipped during contingency time for order entry

Regulatory Changes

No regulatory changes. This is a routine operational mock trading exercise. Members may use either the Mock Trading or Simulated Environment to meet regulatory requirements per SEBI circular SEBI/HO/MRD1/DSAP/CIR/P/2020/234 and NSE circular NSE/MSD/46441.

Compliance Requirements

  • All members enabled for SLBM trading in the live market are automatically eligible and expected to participate
  • Members must use existing live-environment User IDs, IPs, and Box ID mappings
  • NNF (Non-NEAT Frontend) users must ensure: dealer-type User ID, NNF conversion, and IP mapping
  • Members must set appropriate branch and user limits from the Corporate Manager Terminal before placing orders
  • Members using NNF software must manually clear orders in their systems before each session
  • Only UCC/PAN records uploaded and approved before cutoff will be permitted
  • Members should re-login into the live environment after mock session to confirm smooth connectivity

Important Dates

  • March 14, 2026: Mock trading session date
    • Session 1 (Primary Site): 09:15 – 12:15
    • Session 2 (DR Site): 13:15 – 13:45
    • Re-login window: 16:30 – 17:00
  • March 16, 2026: Next live trading day; members must ensure connectivity is confirmed

Impact Assessment

Minimal market impact. This is a routine mock session limited to SLBM segment members. No new version is being released, reducing the testing burden. The primary operational requirement is for member firms to verify connectivity from both Primary and DR sites and re-login to the live environment before Monday’s session. No financial settlements or obligations arise from mock trades.

Impact Justification

Routine mock trading session for SLBM segment with no new software version; primarily operational for member firms to test connectivity before Monday trading.