SEBI Notifies Revised Settlement Schedule for Cash, Derivatives, and SLBM Segments amid Consecutive Market Holidays [Read Press Release]

The Securities and Exchange Board of India (SEBI) has notified a revised settlement schedule for the cash, derivatives, and Stock Lending and Borrowing Mechanism (SLBM) segments in view of consecutive market holidays.

With September 8, 2025, also declared a settlement holiday in addition to September 5, 2025, SEBI, in consultation with stock exchanges and clearing corporations, has issued a clarification to settlement processes.

As per the revised framework, the settlement for the derivatives segment covering trades executed on September 4, 5, and 8, 2025, will be carried out on September 9, 2025, i.e. today.

Similarly, for the cash and SLBM segments, trades executed on September 4 and 5 will also be settled on September 9. Meanwhile, trades conducted on September 8 and 9 in the cash and SLBM segments will be settled on September 10, 2025.

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SEBI further clarified that stock exchanges have informed all stakeholders, including trading members, about the impact of these changes on corporate action timelines such as ex-dates and cum-dates.

The SEBI stated that “

1. The settlement for the derivative segment for the 3 trade days viz. September 04, 2025 (Thursday), September 05, 2025 (Friday) and September 08, 2025 (Monday) will be undertaken on September 09, 2025 (Tuesday).
2. The settlement for the cash and SLBM segment for the trade days of September 04, 2025 (Thursday) and September 05, 2025 (Friday), will be undertaken on September 09, 2025 (Tuesday).
3. The settlement for the cash and SLBM segment for the trade days of September 08, 2025 (Monday) and September 09, 2025 (Tuesday) will be undertaken on September 10, 2025 (Wednesday).”

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