The BSE Clearing Limited, on November 5, 2026, has revised the process for non-settlement-related payments from Custodians to Trading Members, aligning the payment cycle with the T+1 settlement cycle.
Under the revised process, Custodians must submit the non-settlement-related payment file in the prescribed format by 4:00 PM on the T+1 settlement day. Based on the submitted details, the Clearing Corporation will debit the Custodian’s clearing bank account and credit the corresponding amount to the linked Clearing Member’s clearing bank account on the same day. A payment report will also be made available to Trading Members.
The revised process will be implemented from November 12, 2026. For trades dated November 12 and 13, 2026, the corresponding payment files are to be uploaded on November 13 and 16, respectively, with credit transfers scheduled for November 16, 2026.
Trading Members and Custodians are advised to make the necessary system and operational changes to ensure smooth implementation of the revised process.
[Notice No. 20261105-1]
