The BSE Clearing Limited on November 05, 2026, has revised the settlement process for non-settlement related payments between Custodians and Trading Members, in continuation of its notice dated October 1, 2020, to align the payment cycle with the Cash Market segment by shifting from T+2 to T+1.
Under the revised process, Custodians are required to submit non-settlement related payment files in the prescribed Annexure I 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 Clearing Member's clearing bank account linked to the Trading Member on the same day. A payment details report will also be made available to Trading Members in the format prescribed under Annexure II. Trading Members and Custodians are required to implement the necessary system and operational changes to ensure smooth implementation.
[Notification No. 20261105-1]
