Description

NSE Clearing Limited announces the settlement schedule for the Debt Segment for May 2026, covering both Debt Settlement (Type 'I') and Debt Auction Settlement (Type '2') on a rolling T+1 basis.

Summary

NSE Clearing Limited (formerly National Securities Clearing Corporation Ltd.) has published the settlement calendar for the Debt Segment for May 2026, as per Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997). The calendar covers two settlement types: Debt Settlement (Type ‘I’) and Debt Auction Settlement (Type ‘2’), both operating on a rolling T+1 basis.

Key Points

  • Settlement schedules are issued under Regulation 6.2 of NSE Clearing Limited Capital Market Regulations, 1997
  • Debt Settlement (Type ‘I’) covers 19 settlement numbers (2026081–2026099) from 04-May-26 to 29-May-26, with the last settlement date falling on 01-Jun-26
  • Debt Auction Settlement (Type ‘2’) covers 19 settlement numbers (2026081–2026099) from 05-May-26 to 01-Jun-26, with the last settlement date falling on 02-Jun-26
  • All settlements follow a T+1 rolling cycle
  • Weekends and market holidays result in extended settlement periods (e.g., trades on 08-May-26 settle on 11-May-26)

Regulatory Changes

No regulatory changes. This is a routine operational notification under existing Regulation 6.2 of the NSE Clearing Limited Capital Market Regulations, 1997.

Compliance Requirements

  • All Members, Custodians, and PCMs (Professional Clearing Members) must adhere to the published settlement schedule for the Debt Segment in May 2026
  • Participants should plan their trade and fund obligations in line with the settlement dates provided in Annexure ‘A’ (Type ‘I’) and Annexure ‘B’ (Type ‘2’)
  • For queries, contact the help desk at 1800 266 0050 (IVR Option 2) or securities_ops@nsccl.co.in

Important Dates

Debt Settlement (Type ‘I’) — Annexure A:

Sett NoTrade DateSettlement Date
202608104-May-2605-May-26
202608205-May-2606-May-26
202608306-May-2607-May-26
202608407-May-2608-May-26
202608508-May-2611-May-26
202608611-May-2612-May-26
202608712-May-2613-May-26
202608813-May-2614-May-26
202608914-May-2615-May-26
202609015-May-2618-May-26
202609118-May-2619-May-26
202609219-May-2620-May-26
202609320-May-2621-May-26
202609421-May-2622-May-26
202609522-May-2625-May-26
202609625-May-2626-May-26
202609726-May-2627-May-26
202609827-May-2629-May-26
202609929-May-2601-Jun-26

Debt Auction Settlement (Type ‘2’) — Annexure B:

Sett NoTrade DateSettlement Date
202608105-May-2606-May-26
202608206-May-2607-May-26
202608307-May-2608-May-26
202608408-May-2611-May-26
202608511-May-2612-May-26
202608612-May-2613-May-26
202608713-May-2614-May-26
202608814-May-2615-May-26
202608915-May-2618-May-26
202609018-May-2619-May-26
202609119-May-2620-May-26
202609220-May-2621-May-26
202609321-May-2622-May-26
202609422-May-2625-May-26
202609525-May-2626-May-26
202609626-May-2627-May-26
202609727-May-2629-May-26
202609829-May-2601-Jun-26
202609901-Jun-2602-Jun-26

Impact Assessment

This circular is a standard operational notice with moderate impact on debt market participants. Members, custodians, and PCMs must align their internal operations, fund planning, and back-office processes with the published T+1 settlement schedule. Notable gaps in the calendar (e.g., 08-May settling on 11-May, 22-May settling on 25-May) indicate market holidays or weekends that participants should account for in liquidity planning. No market-wide or regulatory impact beyond routine operational scheduling.

Impact Justification

Routine operational circular providing settlement schedules for debt segment members and custodians for May 2026; important for operational planning but no regulatory changes or compliance actions required.