DOWNLOAD REFERENCE NO: NSE/CMPT/6816

NSCCL/SEC/2005/921 October 26, 2005

All Clearing Members / Custodians,

Sub : Timings of pay-in /pay-out for settlements scheduled on November 7, 2005.

This has reference to Circular No. NSCC/SEC/2005/0903 (Download Ref. No. NSE/CMPT/2005/6797) dated October 21, 2005 regarding settlement schedule for the months of October & November 2005.

In view of multiple settlements scheduled on Monday, November 07, 2005. Pay-in/pay-out timings for multiple settlements scheduled on November 07, 2005 :

Settlement Type & Number	Trade Date	Custodial Confirmation Date	Settlement Date	Pay-in at NSCCL on settlement day	Pay-out at NSCCL on settlement day
N,D,W, O,U, Z 2005208	31-OCT-05	02-NOV-05	07-NOV-05	10.00 a.m.	12.30 p.m.
A 2005205	31-OCT-05	31-OCT-05	07-NOV-05	10.00 a.m.	12.30 p.m.
N(B) 2005204	-	-	07-NOV-05	10.00 a.m.	12.30 p.m.
N,D,W, O, Z 2005209	01-NOV-05	02-NOV-05	07-NOV-05	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 November 7, 2005.

Yours faithfully,

For National Securities Clearing Corporation Ltd.

Rana Usman

Manager