India, August 17, 2026: BSE Clearing Limited (BSECL), the clearing corporation of BSE, today announced the introduction of 3-working-day contracts in the Securities Lending & Borrowing (SLB) segment, effective today.
The initiative builds on the flexibility provided under SEBI’s SLB framework for introducing contracts of different tenures based on the evolving needs of market participants. The shorter–tenor contracts will provide greater flexibility for short-term securities borrowings and
delivery requirements, while supporting a deeper and more efficient SLB ecosystem.
The contracts will have a T+1 first leg and T+3 reverse leg, excluding settlement holidays, and will initially be available for securities available in the F&O segment under the “D” series prefix. The shorter tenor can also facilitate inter-exchange arbitrage and greater price alignment across trading venues, enabling participants to respond more efficiently to temporary market opportunities. The SLB platform will continue to operate through an automated, screen-based order matching mechanism based on price-time priority. -There will be no foreclosure in the event of an AGM/EGM, and the contracts will not have a facility for Repay, Recall or Rollover.
Commenting on the launch, Mrs. Vaisshali Babu, MD & CEO, BSE Clearing Limited, said, “The introduction of shorter–tenor SLB contracts is an important step towards making the securities lending ecosystem more responsive to the evolving needs of market
participants. By providing greater flexibility in contract tenures, the facility will support short-term securities requirements, facilitate greater price alignment and further deepen participation in the SLB market.”
The shorter–tenor contracts went live on August 17, 2026, providing market participants with an additional avenue for short-term securities borrowing and lending through the BSE SLB platform.
