Circular No: NSCCL/SEC/2008/0543 October 20, 2008

To,

All Members/Custodians,

Sub: - Change in clearing and settlement schedule for October 21, 2008

In partial modification to circular No. NSCCL/SEC/2008/0476 (Download No. NSE/CMPT/11237) dated September 5, 2008 regarding settlement schedule for the month of October 2008, Members may please note that there shall be no settlements on October 21, 2008 in view of RBI Press Release dated October 18, 2008 about disruption of their normal work including the payment and settlement system.

In view of the above, there is a revision in settlement schedule. The revised settlement schedule is enclosed as Annexure A. The said revision has resulted into scheduling of multiple settlements on Thursday, October 23, 2008. The timings of pay in/pay out for the settlements are as under :

Settlement Type & Number	Trade Date	Custodial Confirmation Date	Settlement Date	Pay-in at NSCCL on settlement day	Payout at NSCCL on settlement day
N, D, W, O, U, Z 2008198	17-Oct-08	20-Oct-08	22-Oct-08	11:00 a.m	1:30 p.m
A 2008195	17-Oct-08	17-Oct-08	22-Oct-08	11:00 a.m	1:30 p.m
N (B) 2008194	-	-	22-Oct-08	11:00 a.m	1:30 p.m
N, D, W, O, U, Z 20080199	20-Oct-08	22-Oct-08	23-Oct-08	10.00 a.m.	12.30 p.m.
A 2008196	20-Oct-08	20-Oct-08	23-Oct-08	10.00 a.m.	12.30 p.m.
N (B) 2008195	-	-	23-Oct-08	10.00 a.m.	12.30 p.m.
N, D, W, O, U, Z 2008200	21-Oct-08	22-Oct-08	23-Oct-08	2.00 p.m.	4.30 p.m.
A 2008197	21-Oct-08	21-Oct-08	23-Oct-08	2.00 p.m.	4.30 p.m.

Members are also requested to take note of the cut-off timings for pay-in at the depositories end due to the revised settlement timings for October 23, 2008.

Yours faithfully

For National Securities Clearing Corporation Ltd.

Rana Usman

Manager

ANNEXURE A

Annexure 'A'
SETTLEMENT CALENDAR NORMAL SEGMENT (ROLLING T+2)
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
N	2008198	17-Oct-08	17-Oct-08	20-Oct-08	22-Oct-08
N	2008199	20-Oct-08	20-Oct-08	22-Oct-08	23-Oct-08
N	2008200	21-Oct-08	21-Oct-08	22-Oct-08	23-Oct-08

Annexure 'B'
SETTLEMENT CALENDAR AUCTION NORMAL (ROLLING - T + 2)
Settlement Type	Settlement No.	Trade Date	Custodial Confirmation Date	Settlement Date
A	2008195	17-Oct-08	17-Oct-08	22-Oct-08
A	2008196	20-Oct-08	20-Oct-08	23-Oct-08
A	2008197	21-Oct-08	21-Oct-08	23-Oct-08
A	2008198	23-Oct-08	23-Oct-08	27-Oct-08
A	2008199	24-Oct-08	24-Oct-08	29-Oct-08
A	2008200	24-Oct-08	24-Oct-08	29-Oct-08
Shortages of N 2008199 & N 2008200 will be assigned to A 2008200. There will be no Auction trading on October 22, 2008

Annexure 'C'
Settlement Type	Settlement No.	Normal Settlement Date	Reporting of Bad Delivery	Pick up of Bad Delivery	Replacement of Bad Delivery	Demat pay-in of Bad Delivery	Reporting of Re-Bad Delivery & Pick-up of Re-Bad Delivery	Close-out of re-bad delivery
N (B)	2008191	10-Oct-08	14-Oct-08	14-Oct-08	16-Oct-08	16-Oct-08	20-Oct-08	22-Oct-08
N (B)	2008192	13-Oct-08	15-Oct-08	15-Oct-08	17-Oct-08	17-Oct-08	22-Oct-08	23-Oct-08
N (B)	2008193	14-Oct-08	16-Oct-08	16-Oct-08	20-Oct-08	20-Oct-08	23-Oct-08	24-Oct-08
N (B)	2008194	15-Oct-08	17-Oct-08	17-Oct-08	22-Oct-08	22-Oct-08	24-Oct-08	27-Oct-08
N (B)	2008195	16-Oct-08	20-Oct-08	20-Oct-08	23-Oct-08	23-Oct-08	27-Oct-08	29-Oct-08
N (B)	2008196	17-Oct-08	22-Oct-08	22-Oct-08	24-Oct-08	24-Oct-08	29-Oct-08	31-Oct-08
N (B)	2008197	20-Oct-08	23-Oct-08	23-Oct-08	27-Oct-08	27-Oct-08	31-Oct-08	3-Nov-08
N (B)	2008198	22-Oct-08	24-Oct-08	24-Oct-08	29-Oct-08	29-Oct-08	3-Nov-08	4-Nov-08
N (B)	2008199	23-Oct-08	27-Oct-08	27-Oct-08	31-Oct-08	31-Oct-08	4-Nov-08	5-Nov-08
N (B)	2008200	23-Oct-08	27-Oct-08	27-Oct-08	31-Oct-08	31-Oct-08	4-Nov-08	5-Nov-08
N (B)	2008201	24-Oct-08	29-Oct-08	29-Oct-08	3-Nov-08	3-Nov-08	5-Nov-08	6-Nov-08

Annexure 'D'
SETTLEMENT CALENDAR LIMITED PHYSICAL MARKET
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
O	2008198	17-Oct-08	17-Oct-08	20-Oct-08	22-Oct-08
O	2008199	20-Oct-08	20-Oct-08	22-Oct-08	23-Oct-08
O	2008200	21-Oct-08	21-Oct-08	22-Oct-08	23-Oct-08

Annexure 'E'
SETTLEMENT CALENDAR-TRADE FOR TRADE
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
Z	2008198	17-Oct-08	17-Oct-08	20-Oct-08	22-Oct-08
Z	2008199	20-Oct-08	20-Oct-08	22-Oct-08	23-Oct-08
Z	2008200	21-Oct-08	21-Oct-08	22-Oct-08	23-Oct-08

Annexure 'F'
SETTLEMENT CALENDAR - MFSS
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
U	2008198	17-Oct-08	17-Oct-08	20-Oct-08	22-Oct-08
U	2008199	20-Oct-08	20-Oct-08	22-Oct-08	23-Oct-08
U	2008200	21-Oct-08	21-Oct-08	22-Oct-08	23-Oct-08

Annexure 'G'
SETTLEMENT CALENDAR - RETAIL DEBT MARKET
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
D	2008198	17-Oct-08	17-Oct-08	20-Oct-08	22-Oct-08
D	2008199	20-Oct-08	20-Oct-08	22-Oct-08	23-Oct-08
D	2008200	21-Oct-08	21-Oct-08	22-Oct-08	23-Oct-08

Annexure 'H'
SETTLEMENT CALENDAR - TRADE FOR TRADE-S ROLLING
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
W	2008198	17-Oct-08	17-Oct-08	20-Oct-08	22-Oct-08
W	2008199	20-Oct-08	20-Oct-08	22-Oct-08	23-Oct-08
W	2008200	21-Oct-08	21-Oct-08	22-Oct-08	23-Oct-08