Description
NSE Clearing Limited publishes the Mark to Market settlement schedule for the Currency Derivatives Segment for June 2026, including final settlement dates for T-Bill Futures, Interest Rate Contracts, Currency Futures/Options, and MIBOR Contracts.
Summary
NSE Clearing Limited has published the Mark to Market (MTM) settlement schedule for the Currency Derivatives Segment (CDS) for the month of June 2026. The schedule covers all trade dates in June 2026 and specifies the corresponding settlement dates, generally following a T+1 settlement cycle. Special final settlement dates are noted for specific contract types.
Key Points
- Settlement follows a T+1 cycle for all regular trade dates in June 2026
- Trade dates span June 1 to June 30, 2026 (excluding weekends and holidays)
- Four distinct final settlement dates apply to different contract types
- June 26-27 are excluded, indicating non-trading days
- Issued by Anil Suvarna, Associate Vice President, NSE Clearing Limited
Regulatory Changes
No regulatory changes. This is a routine operational schedule circular (Circular Ref. No: 20/2026).
Compliance Requirements
All members of the Currency Derivatives Segment must adhere to the published settlement schedule for Mark to Market obligations. Members should note the special final settlement dates for specific contract types to ensure timely settlement.
Important Dates
| Contract Type | Final Settlement Date |
|---|---|
| JUNE 2026 91-Day GOI T-Bill Futures | 25-Jun-2026 |
| JUNE 2026 Cash Settled Interest Rate Contracts | 29-Jun-2026 |
| JUNE 2026 Cash Settled Currency Futures & Options | 30-Jun-2026 |
| JUNE 2026 Overnight Call Rate (MIBOR) Contracts | 01-Jul-2026 |
Full Trade Date to Settlement Date Mapping:
- 01-Jun-2026 → 02-Jun-2026
- 02-Jun-2026 → 03-Jun-2026
- 03-Jun-2026 → 04-Jun-2026
- 04-Jun-2026 → 05-Jun-2026
- 05-Jun-2026 → 08-Jun-2026
- 08-Jun-2026 → 09-Jun-2026
- 09-Jun-2026 → 10-Jun-2026
- 10-Jun-2026 → 11-Jun-2026
- 11-Jun-2026 → 12-Jun-2026
- 12-Jun-2026 → 15-Jun-2026
- 15-Jun-2026 → 16-Jun-2026
- 16-Jun-2026 → 17-Jun-2026
- 17-Jun-2026 → 18-Jun-2026
- 18-Jun-2026 → 19-Jun-2026
- 19-Jun-2026 → 22-Jun-2026
- 22-Jun-2026 → 23-Jun-2026
- 23-Jun-2026 → 24-Jun-2026
- 24-Jun-2026 → 25-Jun-2026 (Final settlement for 91-Day GOI T-Bill Futures)
- 25-Jun-2026 → 29-Jun-2026 (Final settlement for Cash Settled Interest Rate Contracts)
- 29-Jun-2026 → 30-Jun-2026 (Final settlement for Cash Settled Currency Futures & Options)
- 30-Jun-2026 → 01-Jul-2026 (Final settlement for MIBOR Contracts)
Impact Assessment
This is a routine operational circular with minimal market impact. It provides CDS segment members with the necessary settlement schedule to plan their MTM obligations for June 2026. Members dealing in GOI T-Bill Futures, Interest Rate Contracts, Currency Futures/Options, and MIBOR Contracts should specifically note their respective final settlement dates, as these differ from the standard T+1 cycle. No market disruption or significant operational change is anticipated.
Impact Justification
Routine monthly operational circular publishing the settlement schedule for the Currency Derivatives Segment. No regulatory changes or compliance requirements; purely informational for members to plan their settlement activities.