Description

NSE Clearing Limited publishes the Securities Lending & Borrowing Scheme (SLBS) settlement schedules for June 2026, covering First Leg, Reverse Leg, and Auction Reverse Leg settlements.

Summary

NSE Clearing Limited (Circular Ref. No: 047/2026, Download Ref No: NCL/CMPT/73995) has issued the Securities Lending & Borrowing Scheme (SLBS) settlement calendar for June 2026. The circular, issued in pursuance of NCL/CMPT/73999 dated April 30, 2026, details three settlement schedules: First Leg Settlement (Type ‘L’), Reverse Leg Settlement (Type ‘P’), and Reverse Leg Auction (Type ‘Q’).

Key Points

  • First Leg Settlement (Type ‘L’) covers settlement numbers 2026100 through 2026120 for June 1–30, 2026
  • Reverse Leg Settlement (Type ‘P’) schedule spans from June 2026 through June 2027 across 13 series
  • The 06/X6 series expiring June 1, 2027 will be available from June 3, 2026, after expiry of the current 06/X6 series on June 2, 2026
  • Reverse Leg Auction (Type ‘Q’) schedule is also included (Annexure C)
  • Signed by Prashant Shinde, Associate Vice President, NSE Clearing Limited

Regulatory Changes

No regulatory changes. This is a routine operational notification publishing scheduled settlement dates for the SLBS segment in June 2026.

Compliance Requirements

All SLBS Participants and Custodians must adhere to the published settlement schedules for First Leg (Type ‘L’), Reverse Leg (Type ‘P’), and Auction Reverse Leg (Type ‘Q’) settlements. Participants should note the series rollover for 06/X6 effective June 3, 2026.

Important Dates

  • First Leg Settlement window: June 1, 2026 – July 1, 2026 (settlement numbers 2026100–2026120)
  • 06/X6 (P) Reverse Leg Settlement: June 2, 2026
  • 07/X7 (P) Reverse Leg Settlement: July 7, 2026
  • 08/X8 (P) Reverse Leg Settlement: August 4, 2026
  • 09/X9 (P) Reverse Leg Settlement: September 1, 2026
  • 10/XO (P) Reverse Leg Settlement: October 6, 2026
  • 11/XN (P) Reverse Leg Settlement: November 3, 2026
  • 12/XD (P) Reverse Leg Settlement: December 1, 2026
  • 01/X1 (P) Reverse Leg Settlement: January 5, 2027
  • 02/X2 (P) Reverse Leg Settlement: February 2, 2027
  • 03/X3 (P) Reverse Leg Settlement: March 2, 2027
  • 04/X4 (P) Reverse Leg Settlement: April 6, 2027
  • 05/X5 (P) Reverse Leg Settlement: May 4, 2027
  • 06/X6 (P) next series Settlement: June 1, 2027 (available from June 3, 2026)

Impact Assessment

This is a routine administrative circular with no market-wide impact. It is operationally relevant only to direct SLBS participants and custodians who must align their lending and borrowing activities with the published settlement dates. No equity securities are directly impacted. Participants should update their internal systems to reflect the June 2026 settlement schedule and note the series rollover date for the 06/X6 contract.

Impact Justification

Routine operational circular publishing monthly settlement schedules for SLBS participants; no regulatory changes or market-wide impact, relevant only to direct SLBS participants and custodians.