Description

NSE Clearing Ltd. publishes the CBRICS settlement calendar for May 2026, listing 19 settlement dates and corresponding settlement numbers for NSDL/CDSL transfers in the Corporate Bond market segment.

Summary

NSE Clearing Ltd. (CM-BP ID: IN568177) has issued the CBRICS settlement calendar for May 2026. Participants and custodians are directed to transfer securities for CBRICS settlement using the ‘On-market’ settlement mode in the Corporate Bond market segment. The calendar covers 19 settlement dates from May 4 to May 29, 2026, with corresponding settlement numbers for NSDL and CDSL transfers.

Key Points

  • Settlement mode must be set to ‘On-market’ for all CBRICS transfers
  • Market Type: Corporate Bond; Clearing Member: NSE Clearing Ltd.; CM-BP ID: IN568177
  • 19 settlement dates scheduled in May 2026, ranging from May 4 to May 29
  • Settlement numbers follow the format 260XXXX corresponding to each settlement date
  • Previously used DP details (IN001002-10000617) are not valid for CBRICS settlement effective September 3, 2019

Regulatory Changes

No new regulatory changes introduced. This is a routine periodic calendar issuance.

Compliance Requirements

  • Participants and custodians must use Settlement mode ‘On-market’ for all CBRICS security transfers
  • The deprecated DP details (IN001002-10000617) must not be used; these have been invalid since September 3, 2019
  • Transfers must reference the correct settlement number for each settlement date as listed in the calendar

Important Dates

Settlement DateSettlement Number
04-May-20262605004
05-May-20262605005
06-May-20262605006
07-May-20262605007
08-May-20262605008
11-May-20262605011
12-May-20262605012
13-May-20262605013
14-May-20262605014
15-May-20262605015
18-May-20262605018
19-May-20262605019
20-May-20262605020
21-May-20262605021
22-May-20262605022
25-May-20262605025
26-May-20262605026
27-May-20262605027
29-May-20262605029

Impact Assessment

This circular has a moderate operational impact for participants and custodians active in the CBRICS (Corporate Bond Repo in International Clearing System) segment. Back-office and settlement teams must update their systems with the May 2026 schedule to ensure timely and accurate securities transfers. No trading disruption or market-wide impact is expected; non-compliance with settlement dates or use of obsolete DP details could result in settlement failures.

Impact Justification

Routine operational circular providing settlement schedule for CBRICS participants and custodians for May 2026; essential for back-office operations but not a regulatory change or market-moving event.