Description

NSE Clearing Limited (NCL) is conducting a mock session on May 16, 2026 to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations, with NCL operational via SaaS (NCL@ICCL) between 12:30–13:30 hrs.

Summary

NSE Clearing Limited (NCL) is conducting a mock session on May 16, 2026 to test the Software as a Service (SaaS) setup for two-way portability across clearing corporations. This session is mandated by SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 (December 20, 2023), which requires at least one quarterly mock session to familiarize and train members on SaaS functionalities. NCL will invoke its SaaS setup and operate as NCL@ICCL during specified hours.

Key Points

  • Mock session scheduled for May 16, 2026 as part of quarterly SaaS testing requirement
  • NCL will invoke its SaaS setup between 12:00 hrs – 12:30 hrs
  • NCL will be operational using SaaS setup (NCL@ICCL) between 12:30 hrs – 13:30 hrs
  • Session timings circular has been provided by respective Exchanges
  • Members with existing login credentials can use them for this session
  • Members without credentials must email support@nsccl.co.in to obtain them
  • Three access links provided: RTRMS, Collateral, and Extranet portals

Regulatory Changes

No new regulatory changes. This circular implements the existing mandate under SEBI circular SEBI/HO/MRD/TPD/P/CIR/2023/192 dated December 20, 2023, which established the requirement for quarterly SaaS mock sessions to ensure business continuity for clearing corporations.

Compliance Requirements

  • All members are requested to actively participate in the May 16, 2026 mock session
  • Members must test all functionalities associated with the SaaS setup during the session
  • Members without login credentials must proactively contact support@nsccl.co.in before the mock session date
  • Members should refer to prior SOPs issued via NCL circular no. 0138/2023 (NCL/CMPT/56360, April 13, 2023) and NCL circular no. 088/2024 (NCL/CMPT/61960, May 10, 2024) for interface guidelines

Important Dates

  • May 14, 2026 – Circular issuance date
  • May 16, 2026 – Mock session date
    • 12:00 hrs – 12:30 hrs: NCL invokes SaaS setup
    • 12:30 hrs – 13:30 hrs: NCL operational as NCL@ICCL via SaaS

Impact Assessment

This is a routine operational exercise with minimal market impact. The mock session affects only clearing members in the Capital Market Segment who are required to test their connectivity and interface with NCL’s SaaS environment. No trading disruptions are anticipated for end investors. Members who fail to participate may be less prepared in the event of an actual SaaS failover scenario. Access links for RTRMS, Collateral, and Extranet portals are provided to facilitate member testing.

Impact Justification

Routine quarterly mock session for SaaS business continuity testing; operational/administrative in nature with no regulatory changes or market impact. Relevant only to clearing members who need to participate and test functionalities.