SEBI Announces Revised Settlement Dates for Cash and SLBM
- Blog|News|Company Law|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 9 September, 2025

PR No.61/2025, Dated 08.09.2025
1. Introduction
The Securities and Exchange Board of India (SEBI) has issued a notification regarding changes to the settlement schedule for securities and derivatives transactions. The revision comes in light of September 5 and September 8, 2025, being declared settlement holidays. The changes are intended to ensure smooth functioning of the markets and proper execution of trade obligations.
2. Impact on Derivatives Trades
As per the revised schedule, the settlement of derivatives trades executed on September 4, 5, and 8, 2025, will now take place on September 9, 2025. This adjustment provides clarity for market participants and ensures that no disruption occurs in the clearing and settlement cycle for derivative contracts.
3. Impact on Cash and SLBM Trades
For the cash market and Securities Lending and Borrowing Mechanism (SLBM) trades, SEBI has notified that transactions executed on September 4 and 5, 2025, will also be settled on September 9, 2025. This aligns the settlement date with derivatives to maintain consistency across trading segments during the holiday period.
4. Settlement of Subsequent Trades
Further, trades executed on September 8 and September 9, 2025, in the cash and SLBM segments will be settled on September 10, 2025. By shifting these obligations to the next available business day, SEBI ensures the continuity of operations while accounting for back-to-back holidays.
5. Conclusion
These changes to the settlement calendar reflect SEBI’s proactive approach in addressing holiday-related adjustments. By clearly specifying revised settlement dates across derivatives, cash, and SLBM segments, SEBI provides certainty, reduces operational confusion, and safeguards market stability. Market participants are advised to take note of the revised timelines and plan their transactions accordingly.
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