Description
BSE announces trading and settlement schedule for Electronic Gold Receipts (EGR) segment from August 1-29, 2025 with daily settlement cycles.
Summary
BSE has announced the trading and settlement programme for the Electronic Gold Receipts (EGR) segment covering the period from August 1, 2025 to August 29, 2025. The circular provides a detailed schedule of daily delivery (DR) and ready for acceptance (RA) settlement numbers with corresponding trading and settlement dates.
Key Points
- Daily settlement cycles for EGR segment from August 1-29, 2025
- Each trading day has corresponding DR (Delivery) and RA (Ready for Acceptance) settlement numbers
- Settlement follows T+1 cycle (trade date + 1 business day)
- Pay-in instructions must be submitted by 2:00 PM
- Pay-out of funds and securities by 4:00 PM
- Auction pay-in at 9:00 AM with instructions by 8:50 AM
Regulatory Changes
No regulatory changes announced. This is a routine operational schedule.
Compliance Requirements
- Members must submit pay-in instructions to Depositories/banks by 2:00 PM
- For auction settlements, pay-in instructions must be submitted by 8:50 AM
- All settlement obligations must be fulfilled according to the published schedule
Important Dates
- Programme Period: August 1, 2025 to August 29, 2025
- Daily Pay-in Deadline: 2:00 PM
- Daily Pay-out Time: 4:00 PM
- Auction Pay-in Deadline: 8:50 AM
- Settlement extends to: September 2, 2025 (for August 29 trades)
Impact Assessment
This is a routine operational circular with minimal market impact. It provides necessary scheduling information for EGR segment participants to plan their settlement activities. The T+1 settlement cycle and standard timing requirements remain unchanged from previous periods.
Impact Justification
Routine operational schedule for EGR segment with standard settlement procedures