{
  "id": 980213,
  "title": "NSE Clearing to introduce shorter-tenure SLB contracts with T+3 reverse settlement",
  "url": "https://urgent.news/2026/08/15/nse-clearing-to-introduce-shorter-tenure-slb-contracts-with-t-3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-15T06:56:27.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/nse-clearing-to-introduce-shorter-tenure-slb-contracts-with-t3-reverse-settlement/article71348788.ece"
  },
  "original_language": "en",
  "account": "NSE Clearing plans to launch shorter-tenure contracts under its Securities Lending and Borrowing scheme, with the reverse settlement occurring three days after the transaction, according to a circular released on Friday. This new R3 series of contracts will be available daily and can only be applied to eligible stocks in the Equity Derivatives Segment. Unlike current SLB contracts, the R3 series will not be foreclosed during annual general meetings or extraordinary general meetings. The facility for repay, recall, and rollover will also not be available for these shorter-tenure contracts. The new contracts will become effective from August 17, with the relevant information included in a security file released by the exchange on August 14.",
  "summary": "New contracts to be generated and made available on a daily basis, NSE Clearing says",
  "key_points": [
    "NSE Clearing to launch shorter-tenure SLB contracts with R3 series.",
    "Reverse settlement occurs three days after transaction (T+3).",
    "Effective from August 17, applicable to Equity Derivatives Segment."
  ],
  "editors_take": "NSE Clearing's introduction of shorter-tenure SLB contracts with T+3 reverse settlement changes the terms of securities lending and borrowing by reducing contract durations and altering associated features.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}