NSE Clearing Limited (NCL) has published the Mutual Fund Service System (MFSS) settlement calendar for June 2026 (Circular Ref. No: 0158/2026). The calendar covers three settlement types: MFSS Subscription (Type ‘S’, T+1), Liquid Subscription (Type ‘K’, T+0 units), and Redemption (Type ‘U’), along with scheme category codes and fund settlement days in Annexure ‘D’.

Key Points

• Settlement calendar covers June 1, 2026 through June 30, 2026 (with last settlement carrying into July 1, 2026)
• Three annexures detail separate schedules: Annexure A (Subscription T+1), Annexure B (Liquid Subscription T+0 units), Annexure C (Redemption)
• Subscription (Type ‘S’) settlement numbers run from 2026099 to 2026119
• Liquid Subscription (Type ‘K’) follows same settlement numbering (2026099 onwards) with same-day unit payout
• Funds settlement for subscription orders depends on the fund’s settlement day for the scheme category (T Day)
• Participants must verify scheme category in the scheme master
• Annexure ‘D’ provides category codes and settlement day details for subscription and redemption orders

Regulatory Changes

No regulatory changes. This is a routine operational notice providing the monthly settlement calendar as required by NSE Clearing Limited procedures.

Compliance Requirements

• All MFSS participants must adhere to the published settlement schedule for June 2026
• Participants are required to check the scheme category in the scheme master to determine applicable funds settlement day
• Payin and payout of funds and units must be completed as per the dates specified in the respective annexures

Important Dates

• First settlement date: June 1, 2026 (Settlement No. 2026099)
• Last settlement date in June: June 30, 2026 (Settlement No. 2026119, units payout July 1, 2026)
• Market holidays observed: June 26–28, 2026 (weekend gap between June 25 and June 29 settlement dates)
• Circular issued: May 5, 2026

Impact Assessment

This circular affects all MFSS participants including mutual fund distributors, registrars, and clearing members who process subscription and redemption orders through NSE’s Mutual Fund Service System. Operational teams must update their systems with the June 2026 settlement schedule to ensure timely payin/payout of funds and units. No market-wide or systemic impact is anticipated; this is standard monthly schedule communication.

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.

NSE Clearing Limited (formerly National Securities Clearing Corporation Ltd.) has issued the settlement calendar for the Debt Segment for June 2026, as per Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997). The circular provides settlement schedules for both Debt Settlement (Settlement Type ‘I’) and Debt Auction Settlement (Settlement Type ‘2’), both operating on a Rolling T+1 basis.

Key Points

• Settlement Type ‘I’ (Debt Settlement) covers 21 settlement numbers (2026100–2026120) for trade dates from 01-Jun-26 to 30-Jun-26
• Settlement Type ‘2’ (Debt Auction Settlement) covers 16 settlement numbers (2026100–2026115) for trade dates from 02-Jun-26 to 23-Jun-26
• Both settlement types follow a Rolling T+1 schedule
• Settlement on 25-Jun-26 (Type I, Sett No 2026118) settles on 29-Jun-26, skipping 26–28 June (weekend/holiday)
• Final Type I settlement (2026120) for trade date 30-Jun-26 settles on 01-Jul-26
• Contact for queries: 1800 266 0050 (IVR Option 2) or securities_ops@nsccl.co.in

Regulatory Changes

No new regulatory changes. This is a routine notification issued in pursuance of Regulation 6.2 of NSE Clearing Limited (Capital Market Regulations, 1997).

Compliance Requirements

• All Members, Custodians, and PCMs (Professional Clearing Members) must adhere to the published settlement schedule for the Debt Segment in June 2026
• Participants should plan their debt segment trading and settlement obligations in accordance with the T+1 rolling schedule
• Any clarifications should be directed to the NSE Clearing help desk

Important Dates

• Settlement period: 01-Jun-2026 to 30-Jun-2026 (Type I); 02-Jun-2026 to 23-Jun-2026 (Type 2)
• First settlement (Type I): Trade date 01-Jun-26, Settlement date 02-Jun-26 (Sett No 2026100)
• Last settlement (Type I): Trade date 30-Jun-26, Settlement date 01-Jul-26 (Sett No 2026120)
• Notable gap: Trade date 25-Jun-26 settles on 29-Jun-26 (26–28 Jun are non-business days)
• Circular date: 05-May-2026

Impact Assessment

This circular has moderate operational impact on all debt segment participants including members, custodians, and PCMs who must align their settlement activities with the published schedule. The T+1 rolling settlement framework is standard and unchanged. Participants should note the extended settlement gap around the last weekend of June (25-Jun trade settling on 29-Jun) when planning liquidity. No market-wide disruption or new compliance burden is introduced.

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.