NSE Alters Derivative Expiry Dates: Traders Alert!

• National Stock Exchange (NSE) announced changes to expiry dates for currency and interest rate derivative contracts via a circular on Dec 29, 2025, effective Dec 31, 2025.
• Future Currency (FUTCUR) and Option Currency (OPTCUR) contracts for March, May, and June 2026 will now expire one day earlier (e.g., March 27 to March 25).
• Future Interest Rate Contracts (FUTIRC) and Option Interest Rate Contracts (OPTIRC) for March 2026 also shift earlier (e.g., March 26 to March 25). ONMIBOR contracts change from March 31 to March 30.
• These changes are critical for investors, active traders, hedgers, and corporate users to avoid automatic expiry of positions and potential losses.
• IIFL Capital Services Ltd has informed clients; traders must update strategies and risk management plans to reflect new dates.

Why It Matters: Derivative traders must update calendars and strategies as NSE shifts expiry dates for currency and interest rate contracts.