Description

NSE Clearing Limited announces multiple SLBS settlements on April 02, 2026 due to settlement holiday on April 01, 2026, with revised pay-in and pay-out timings for participants and custodians.

Summary

NSE Clearing Limited (NCL) has announced that multiple Securities Lending and Borrowing Scheme (SLBS) settlements have been scheduled on April 02, 2026, due to a settlement holiday on April 01, 2026. Participants and custodians must adhere to revised pay-in and pay-out timings for the compressed settlement schedule.

Key Points

  • Settlement holiday on April 01, 2026 necessitates multiple SLBS settlements on April 02, 2026
  • Three settlement types are scheduled: L 2026060, P 2026756, and L 2026061
  • Each settlement has specific pay-in and pay-out timings starting from 08:00 hrs
  • Participants must note cut-off timings for pay-in at depositories due to revised settlement schedule
  • Circular issued by NSE Clearing Limited under Circular Ref. No: 034/2026

Regulatory Changes

No new regulatory changes introduced. This is an operational scheduling notice to manage settlements around the April 01, 2026 holiday.

Compliance Requirements

  • Participants and custodians must follow the revised settlement schedule on April 02, 2026
  • Pay-in submissions must comply with updated cut-off timings at depositories
  • Adherence to the specific pay-in and pay-out windows for each settlement number is mandatory

Important Dates

  • April 01, 2026: Settlement holiday (no SLBS settlements)
  • April 02, 2026: Multiple settlements scheduled
    • L 2026060: Transaction Date 30-Mar-26 | Pay-in 08:00 hrs | Pay-out 09:30 hrs
    • P 2026756: Settlement Date 02-Apr-26 | Pay-in 08:30 hrs | Pay-out 09:45 hrs
    • L 2026061: Transaction Date 01-Apr-26 | Pay-in 10:15 hrs | Pay-out 12:00 hrs

Impact Assessment

This circular has a moderate operational impact on SLBS participants and custodians who must plan for compressed, back-to-back settlements on April 02, 2026. The early morning start times (from 08:00 hrs) require participants to ensure timely pay-in submissions at depositories. No impact on general equity or debt market participants unless they are active in the SLBS segment.

Impact Justification

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