Introduction of Shorter Tenure in SLB Scheme - R3 Series
NSE circular 084/2026 · 14 Aug 2026
Official title
Introduction of Shorter Tenure in SLB Scheme - "R3" Series
Official record
Open source pageSummary
Check the official recordWhat changed
NSE Clearing Limited introduces shorter tenure contracts in the Securities Lending and Borrowing Scheme. These contracts fall under the R3 series. The system generates these contracts on a daily basis. The first leg of the trade settles on T+1 day. The reverse leg settles on T+3 day. These contracts apply only to stocks eligible for trading in the Equity Derivatives Segment. The R3 series contracts do not allow foreclosure during an AGM or EGM. The Repay, Recall, and Rollover facilities do not apply to these contracts. All other existing provisions for market timings, clearing, settlement, and risk management remain in effect. The R3 series contracts become available from August 17, 2026.
What you must do
- Participants must note the introduction of the R3 series contracts for trading.
Key dates
- Effective from
- 17 Aug 2026
Document text
NSE Clearing Limited
| Department: Securities Lending & Borrowing Scheme | |
|---|---|
| Download Ref No: NCL/CMPT/75761 | Date: August 14, 2026 |
| Circular Ref. No: 084/2026 |
All Participants / Custodians,
Subject: - Introduction of Shorter Tenure in SLB Scheme - “R3” Series
This is further to circular (NCL/CMPT/73999) dated April 30, 2026. Participants are hereby informed that NSE Clearing Limited is introducing shorter tenure contracts in the SLB Scheme.
The new contracts will be introduced under series “R3”. The contracts will be generated and made available on daily basis. The first leg of the trades executed on Transaction Day (T Day) shall be settled on T+1 day as done currently and corresponding reverse leg settlement shall be scheduled on T+3 day (excluding Settlement Holidays).
The shorter tenure contracts shall be introduced only for stocks eligible for trading in Equity Derivatives Segment. The shorter tenure contracts shall not be foreclosed in the event of AGM/EGM. Facility of Repay/Recall/Rollover shall not be applicable to shorter tenure contracts.
All other provisions with respect to market timings, clearing, settlement, risk management, corporate action handling etc shall be as applicable for the existing SLB contracts.
The shorter tenure contracts i.e. “R3” series shall be made available from Transaction Day August 17, 2026.
The security file shared by the Exchange at the end of day on August 14, 2026, will include additional series “R3”.
You are advised to take note of the above.
For and on behalf of NSE Clearing Limited
Nisha Pillai Vice President
| Telephone No | Email id |
|---|---|
| 18002660050 ( IVR Option 2 ) | support@nsccl.co.in |
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 14 Aug 2026
- Document number
- 084/2026
- Issuing division
- Securities Lending & Borrowing Scheme
- Effective date
- 17 Aug 2026
- Coverage area
- securities