The Central Depository Services (India) Limited (CDSL), on June 02, 2026, announced enhancements in the processing of Normal Pay-in (NP) and Early Pay-in (EP) transactions to improve operational efficiency. The changes will be effective from June 06, 2026, and apply to pay-in transactions of trading clients for market types processed under the block mechanism where Unique Client Code (UCC) details are mandatory.
Under the revised process, EP transactions set up after the Clearing Corporation's (CC) EP cut-off on the trade day (T Day) will initially be assigned the status "Pending for CC Obligation Matching". After matching is completed, eligible securities will be matched, blocked, and reported to the CCs. CDSL has also introduced corresponding status codes in the DP97 report to facilitate back-office processing. Normal pay-in transactions set up on T Day but not matched during the day will continue to remain in the "Pending for CC Obligation Matching" status until the end of the day.
For custodial clients, securities will continue to be blocked at the time of EP transaction setup, irrespective of the CC cut-off time, subject to the availability of balance. Additionally, securities relating to inter-depository EP transactions set up after the CC cut-off and having no corresponding obligation will be unblocked on the settlement day. Apart from these changes, the existing settlement mechanism for pay-in transactions will remain unchanged. Depository Participants are advised to take note of the changes and make necessary modifications in their back-office systems.
[CDSL/OPS/DP/SETTL/2026/367]
