Description

BSE announces detailed trading and settlement schedule for Electronic Gold Receipts (EGR) segment covering the period from August 1-29, 2025.

Summary

BSE has published the comprehensive trading and settlement programme for the Electronic Gold Receipts (EGR) segment covering the period from August 1, 2025 to August 29, 2025. The schedule includes detailed settlement cycles with specific pay-in and pay-out timings for daily operations.

Key Points

  • Trading and settlement schedule spans from August 1-29, 2025
  • Covers Electronic Gold Receipts (EGR) segment operations
  • Includes both DR (Delivery Request) and RA (Receipt Allocation) cycles
  • Standard pay-in deadline: 2:00 PM with pay-out by 4:00 PM
  • Auction pay-in at 9:00 AM with instructions required by 8:50 AM
  • Settlement cycles numbered sequentially (DR-090 to DR-109, RA-090 to RA-109)

Regulatory Changes

No regulatory changes mentioned - this is an operational schedule announcement.

Compliance Requirements

  • Members must submit pay-in instructions to depositories/banks by 2:00 PM
  • For auction settlements, instructions must be submitted by 8:50 AM
  • Pay-out of funds and securities will be completed by 4:00 PM
  • Strict adherence to settlement timelines is mandatory

Important Dates

  • Programme Period: August 1-29, 2025
  • Daily Pay-in Deadline: 2:00 PM
  • Daily Pay-out Time: 4:00 PM
  • Auction Pay-in: 9:00 AM (instructions by 8:50 AM)
  • Settlement extends into September: Final settlements on September 1-2, 2025

Impact Assessment

Market Impact: Medium - Affects participants in the specialized EGR segment who trade electronic gold receipts. Provides operational clarity for the month of August 2025.

Operational Impact: Medium - Members trading in EGR segment must plan their operations according to this schedule. Any deviation from timelines could result in settlement failures or penalties.

Participant Impact: Primarily affects gold trading members, depositories, and clearing members involved in EGR segment operations.

Impact Justification

Operational schedule for specialized EGR segment affecting gold trading participants