Description

NSE Clearing Limited publishes the settlement schedule for June 2026 covering Normal Rolling T+1, Auction, Trade for Trade T+1, ITP for SME T+1, and Normal Rolling T+0 settlement types for the Capital Market Segment.

Summary

NSE Clearing Limited (formerly NSCCL) has issued the settlement calendar for June 2026 for the Capital Market Segment under Regulation 6.2 of the National Securities Clearing Corporation (Capital Market) Regulations, 1997. 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).

Key Points

  • Settlement schedules span June 1, 2026 through June 30, 2026, with final T+1 settlement (No. 2026120) settling on July 1, 2026
  • Normal Rolling T+1 (Type M) settlements are numbered 2026100 through 2026120, covering every trading day in June 2026
  • Each T+1 settlement date falls one business day after the corresponding trade date
  • Custodial confirmation deadline is the same as the settlement date (T+1) for all Normal Rolling settlements
  • Five distinct settlement type annexures (A through E) detail schedules for each settlement category
  • Circular reference: NCL/CMPT/74047 / Circular Ref. No. 160/2026

Regulatory Changes

No new regulatory changes are introduced. This circular is issued in routine pursuance of Regulation 6.2 of the National Securities Clearing Corporation (Capital Market) Regulations, 1997.

Compliance Requirements

  • All Members, Custodians, and PCMs must adhere to the published settlement schedules for June 2026
  • Custodial confirmations must be completed by the specified confirmation dates for each settlement number
  • Participants should plan trade and funding obligations in accordance with the T+1 and T+0 settlement dates provided across all five annexures
  • For clarifications, members may contact the NSE Clearing help desk at 1800 266 0050 (IVR Option 2) or email securities_ops@nsccl.co.in

Important Dates

  • June 1, 2026: First settlement of June (Settlement No. 2026100), settles June 2, 2026
  • June 5, 2026: Settlement No. 2026104 settles June 8, 2026 (weekend gap)
  • June 12, 2026: Settlement No. 2026109 settles June 15, 2026 (weekend gap)
  • June 19, 2026: Settlement No. 2026114 settles June 22, 2026 (weekend gap)
  • June 25, 2026: Settlement No. 2026118 settles June 29, 2026 (gap suggests holiday)
  • June 30, 2026: Last settlement of June (No. 2026120), settles July 1, 2026

Impact Assessment

This is a routine operational circular with medium market impact. All market participants in the Capital Market Segment — members, custodians, and PCMs — must align their back-office operations, funding schedules, and custodial confirmation workflows to the published June 2026 calendar. The calendar reflects standard T+1 settlement cycles with appropriate adjustments for weekends and public holidays. The inclusion of T+0 settlement (Type 5, Annexure E) reflects the continued operationalization of same-day settlement infrastructure. No market disruption is anticipated; timely adherence is required to avoid settlement failures and associated penalties.

Impact Justification

Routine operational circular providing mandatory settlement schedules for June 2026 across all Capital Market segment settlement types; relevant to all members, custodians, and PCMs for trade planning but contains no regulatory changes or compliance actions.