NSE13 Aug 2026circularPrepared by Complied AI

Introduction of Shorter Tenure in SLB Scheme - R3 Series

NSE circular 084/2026 · 13 Aug 2026

Official title

Introduction of Shorter Tenure in SLB Scheme - "R3" Series

Official record

Open source page

Summary

Check the official record

What 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.

Who is affected: All Participants and Custodians of the Securities Lending and Borrowing Scheme.
Required action: Participants must note the introduction of the R3 series contracts for trading.
Key dates: Commencement date for R3 series contracts — 16 Aug 2026
Exceptions: Shorter tenure contracts do not allow foreclosure during an AGM or EGM.
Repay, Recall, and Rollover facilities do not apply to shorter tenure contracts.

Prepared automatically from the captured official document and checked against source evidence. This is not an independent professional review. See how briefs are prepared. Verify material decisions against the official record.

Source details

Source: National Stock Exchange of India
Type: circular
Published by source: 13 Aug 2026
Document number: 084/2026
Issuing division: Securities Lending & Borrowing Scheme
Effective date: 16 Aug 2026
Coverage area: securities

Document text

Prepared for reading; wording retained from the source.

Verify official record

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

Research the source law

Find the provision behind this update.

No high-confidence provision match was found. Browse the law library, choose the affected provision and ask against the exact statutory text.

Browse source laws