New Delhi, Aug. 15 -- NSE Clearing will introduce shorter-tenure contracts under its Securities Lending and Borrowing (SLB) scheme, with the reverse leg of trades to be settled on the third day after the transaction, aimed at providing participants with a shorter contract option.

The new contracts, to be introduced under the "R3" series, will be generated and made available on a daily basis, NSE Clearing said in a circular on Friday. The first leg of trades executed on the transaction day will continue to be settled on T+1, while the corresponding reverse leg will be scheduled for T+3, excluding settlement holidays.

The shorter-tenure contracts will be available only for stocks eligible for trading in the Equity Derivatives Segment, acc...