Archive · 15 Aug 2026
NSE Clearing to Launch 3-Day SLB Contracts from August 17
NSE Clearing runs the part of the stock market where people can lend their shares to other people and earn a fee for it.
Right now, these lending deals can last anywhere from three days up to twelve months.
NSE Clearing is adding a new, shorter type of deal called the R3 series.
In this new deal, the borrowed shares must be given back just three days after the trade.
Only stocks that are allowed to be traded in the Equity Derivatives Segment can be used in these short deals.
Unlike older deals, these new contracts will not be cancelled early just because a company holds its annual general meeting.
People also cannot use the special options called repay, recall, or rollover with these shorter deals.
The new R3 deals will be available starting from August 17.
This change gives stock market participants more choices for how long they want to lend or borrow shares.
NSE Clearing will introduce shorter-tenure 'R3' series contracts under its Securities Lending and Borrowing (SLB) scheme from August 17.
The first leg of R3 trades will be settled on T+1 and the reverse leg on T+3, excluding settlement holidays.
The contracts will be available only for securities eligible for trading in the Equity Derivatives Segment.
Unlike existing SLB contracts, R3 series contracts will not be foreclosed in the event of an annual general meeting or extraordinary general meeting.
Repay, recall and rollover facilities will not be available for the shorter-tenure contracts.
- Who
- NSE Clearing and market participants in the Securities Lending and Borrowing (SLB) scheme, including lenders and borrowers.
- What
- Introduction of shorter-tenure 'R3' series SLB contracts with a T+3 reverse settlement schedule.
- When
- Announced via a circular on August 14, 2026, with availability from the transaction day of August 17, 2026.
- Where
- On the automated screen-based SLB platform operated by NSE Clearing.
- Why
- To provide market participants with a shorter-duration borrowing and lending option for managing short-term positions.
- Scheme
- Securities Lending and Borrowing (SLB)
- New Contract Series
- R3
- First Leg Settlement
- T+1
- Reverse Leg Settlement
- T+3, excluding settlement holidays
- Eligibility
- Securities eligible for trading in the Equity Derivatives Segment
- Availability
- From transaction day of August 17, 2026
- Repay, Recall, Rollover
- Not available for R3 contracts
- AGM/EGM Foreclosure
- Not applicable to R3 contracts
