The National Stock Exchange (NSE) on August 14, 2026, issued a circular regarding the introduction of Shorter Tenure in the SLB Scheme - “R3” Series.
The following has been stated: -
•NSE Clearing Limited is introducing shorter-tenure Securities Lending and Borrowing (SLB) contracts under the “R3” series, available daily.
•Under R3 contracts, the first leg will settle on T+1, while the reverse leg will settle on T+3, excluding settlement holidays.
•The contracts will be available only for stocks eligible for trading in the Equity Derivatives Segment and will not be foreclosed due to AGM/EGM.
•Repay, Recall and Rollover facilities will not be applicable to these shorter-tenure contracts, while other SLB provisions will remain unchanged.
•The R3 series will be available from Transaction Day, August 17, 2026, with the August 14 security file including the additional series.
[Circular No: 084/2026]
