The National Stock Exchange (NSE), on October 21, 2026, issued operational guidelines for the Securities Lending and Borrowing Scheme (SLBS) in connection with the Diwali Muhurat Trading session scheduled for Sunday, November 8, 2026. The circular specifies trading, confirmation, settlement and collateral timelines for participants and custodians.
The SLBS transaction session will run from 2:20 PM to 3:30 PM. Client Code/CP Code modification must be completed by 3:40 PM, custodian confirmation by 4:15 PM, and final obligations to participants will be available at 5:00 PM. Multiple settlements are scheduled for November 9, 2026, covering settlement numbers L 2026210, P 2026896 and L 2026211, with pay-in and pay-out timings ranging from 8:00 AM to 12:00 PM. The reverse-leg settlement for the R3 series, with trade date November 8, 2026, is scheduled for November 12, 2026, under settlement type P, settlement number 2026898. The applicable Value at Risk (VaR) margin will be the rate prescribed for the relevant security in the Capital Market segment.
Collateral operations will follow specified cut-offs: cash addition from 12:15 PM to 4:15 PM, collateral allocation from 11:45 AM to 7:00 PM, securities release requests until 4:15 PM, and cash release for cash deposited on the same day from 12:15 PM to 4:15 PM. Participants and custodians must also take note of the revised depository pay-in cut-off timings for November 9, 2026, arising from the multiple settlement schedule.
[Notice No. NCL/CMPT/77030]
