Description

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

Summary

NSE Clearing Limited (formerly NSCCL) has issued the settlement calendar for May 2026 for the Capital Market Segment. The calendar covers five settlement types: Normal Rolling T+1 (Type M), Normal Auction 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 cover the full month of May 2026 (04-May-26 to 29-May-26)
  • Five settlement types are covered: M (Normal Rolling T+1), A (Auction Normal), Z (Trade for Trade T+1), B (ITP for SME T+1), and 5 (Normal Rolling T+0)
  • Settlement numbers for Normal Rolling T+1 run from 2026081 to 2026099
  • Settlement on 28-May-26 is skipped (likely a holiday/non-business day)
  • Last settlement of May (2026099) settles on 01-Jun-26
  • Contact for queries: 1800 266 0050 (IVR Option 2) or securities_ops@nsccl.co.in

Regulatory Changes

No regulatory changes. This is a routine operational notification issued under Regulation 6.2 of the National Securities Clearing Corporation (Capital Market Regulations, 1997).

Compliance Requirements

  • All Members, Custodians, and PCMs must adhere to the prescribed settlement dates for each settlement type
  • Custodial confirmation must be completed by the dates specified in the calendar (typically T+1 business day after trade date for T+1 settlements)
  • Participants must ensure funds and securities obligations are met by the respective settlement dates

Important Dates

  • Settlement period: 04-May-2026 to 29-May-2026
  • Settlement numbers: 2026081 (04-May-26) through 2026099 (29-May-26)
  • Notable gap: No settlement on 28-May-26 (trades on 27-May-26 settle on 29-May-26)
  • Final May settlement date: 01-Jun-2026 (for trades on 29-May-26)
  • Circular date: 06-Apr-2026

Impact Assessment

This is a routine monthly circular with medium operational impact. All capital market participants — members, custodians, and PCMs — need to align their back-office and settlement systems with the published calendar. The inclusion of both T+1 and T+0 settlement schedules reflects the dual-track settlement framework currently in operation. No market disruption is expected; participants should note the holiday-adjusted settlement dates (e.g., trades on 08-May-26 and 22-May-26 settle on 11-May-26 and 25-May-26 respectively, indicating weekends/holidays).

Impact Justification

Routine operational circular publishing the monthly settlement calendar for May 2026. Important for members and custodians for planning purposes but does not introduce new regulations or compliance requirements.