Business News | NSE Clearing to Introduce Shorter-tenure SLB Contracts with T+3 Reverse Settlement
Latestly
NSE Clearing will introduce shorter-tenure SLB contracts with T+3 reverse settlement to offer participants more flexibility.Summary
NSE Clearing is introducing a new series of "R3" shorter-tenure contracts under its Securities Lending and Borrowing (SLB) scheme. These contracts will be available daily for stocks in the Equity Derivatives Segment. The first leg of trades will settle on T+1, while the reverse leg will settle on T+3, excluding holidays. Unlike existing contracts, the R3 series will not be foreclosed during an Annual General Meeting (AGM) or Extraordinary General Meeting (EGM), and the facilities for repay, recall, and rollover will not be available. The new contracts will be available starting August 17, 2026.
(Source：Latestly)