Circular No: NSCCL/SEC/2008/591 November 27, 2008

To,

All Members/Custodians,

Sub: - Change in settlement schedule on account of postponement of settlement on November 27, 2008

In view of the postponement of settlements scheduled on November 27, 2008, circular reference No. NSE/CMPT/11428 dated October 6, 2008 stands modified. Details for the revised settlement schedule are given as per Annexure.

Yours faithfully

For National Securities Clearing Corporation Ltd.

Rana Usman

Manager

ANNEXURE

SETTLEMENT CALENDAR NORMAL SEGMENT (ROLLING T+2)
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
N	2008223	25-Nov-08	25-Nov-08	26-Nov-08	28-Nov-08
N	2008224	26-Nov-08	26-Nov-08	28-Nov-08	01-Dec-08
N	2008225	28-Nov-08	28-Nov-08	01-Dec-08	02-Dec-08

SETTLEMENT CALENDAR AUCTION NORMAL (ROLLING - T + 2)
Settlement Type	Settlement No.	Trade Date	Custodial Confirmation Date	Settlement Date
A	2008220	25-Nov-08	25-Nov-08	28-Nov-08
A	2008221	26-Nov-08	26-Nov-08	1-Dec-08
A	2008222	28-Nov-08	28-Nov-08	2-Dec-08
A	2008223	1-Dec-08	1-Dec-08	3-Dec-08

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)	2008216	18-Nov-08	20-Nov-08	20-Nov-08	24-Nov-08	24-Nov-08	26-Nov-08	28-Nov-08
N (B)	2008217	19-Nov-08	21-Nov-08	21-Nov-08	25-Nov-08	25-Nov-08	28-Nov-08	1-Dec-08
N (B)	2008218	20-Nov-08	24-Nov-08	24-Nov-08	26-Nov-08	26-Nov-08	1-Dec-08	2-Dec-08
N (B)	2008219	21-Nov-08	25-Nov-08	25-Nov-08	28-Nov-08	28-Nov-08	2-Dec-08	3-Dec-08
N (B)	2008220	24-Nov-08	26-Nov-08	26-Nov-08	1-Dec-08	1-Dec-08	3-Dec-08	4-Dec-08
N (B)	2008221	25-Nov-08	28-Nov-08	28-Nov-08	2-Dec-08	2-Dec-08	4-Dec-08	5-Dec-08
N (B)	2008222	26-Nov-08	1-Dec-08	1-Dec-08	3-Dec-08	3-Dec-08	5-Dec-08	8-Dec-08
N (B)	2008223	28-Nov-08	2-Dec-08	2-Dec-08	4-Dec-08	4-Dec-08	8-Dec-08	10-Dec-08

SETTLEMENT CALENDAR LIMITED PHYSICAL MARKET
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
O	2008223	25-Nov-08	25-Nov-08	26-Nov-08	28-Nov-08
O	2008224	26-Nov-08	26-Nov-08	28-Nov-08	01-Dec-08
O	2008225	28-Nov-08	28-Nov-08	01-Dec-08	02-Dec-08

SETTLEMENT CALENDAR-TRADE FOR TRADE
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
Z	2008223	25-Nov-08	25-Nov-08	26-Nov-08	28-Nov-08
Z	2008224	26-Nov-08	26-Nov-08	28-Nov-08	01-Dec-08
Z	2008225	28-Nov-08	28-Nov-08	01-Dec-08	02-Dec-08

SETTLEMENT CALENDAR - MFSS
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
U	2008222	25-Nov-08	25-Nov-08	26-Nov-08	28-Nov-08
U	2008223	26-Nov-08	26-Nov-08	28-Nov-08	01-Dec-08
U	2008224	28-Nov-08	28-Nov-08	01-Dec-08	02-Dec-08

SETTLEMENT CALENDAR - RETAIL DEBT MARKET
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
D	2008223	25-Nov-08	25-Nov-08	26-Nov-08	28-Nov-08
D	2008224	26-Nov-08	26-Nov-08	28-Nov-08	01-Dec-08
D	2008225	28-Nov-08	28-Nov-08	01-Dec-08	02-Dec-08

SETTLEMENT CALENDAR - TRADE FOR TRADE-S ROLLING
Settlement Type	Settlement No.	Trade Start Date	Trade End Date	Custodial Confirmation Date	Settlement Date
W	2008223	25-Nov-08	25-Nov-08	26-Nov-08	28-Nov-08
W	2008224	26-Nov-08	26-Nov-08	28-Nov-08	01-Dec-08
W	2008225	28-Nov-08	28-Nov-08	01-Dec-08	02-Dec-08