Description
BSE announces trading and settlement schedule for Electronic Gold Receipts (EGR) segment from September 1-30, 2025.
Summary
BSE has published the trading and settlement programme for the Electronic Gold Receipts (EGR) segment covering the period from September 1, 2025 to September 30, 2025. The circular provides detailed schedule of trading sessions (DR series) and settlement cycles (RA series) for the entire month.
Key Points
- Trading and settlement schedule covers September 1-30, 2025 for EGR segment
- 22 trading sessions (DR-110 to DR-131) scheduled for the month
- Corresponding settlement cycles (RA-110 to RA-131) with T+1 settlement pattern
- Pay-in instructions deadline: 2:00 PM
- Pay-out completion: 4:00 PM
- Auction pay-in timing: 9:00 AM (instructions by 8:50 AM)
Regulatory Changes
No regulatory changes introduced - this is a routine operational schedule announcement.
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 EGR segment participants must follow the prescribed trading and settlement timeline
Important Dates
- September 1, 2025: First trading session (DR-110) begins
- September 30, 2025: Last trading session (DR-131) of the month
- October 1, 2025: Settlement for final September session (RA-131)
- Daily: Pay-in by 2:00 PM, Pay-out by 4:00 PM
Impact Assessment
This is a routine operational circular that ensures smooth functioning of the EGR segment. Impact is limited to EGR market participants who need to plan their trading and settlement activities according to the published schedule. No direct impact on equity markets or other segments.
Impact Justification
Operational schedule affecting EGR segment trading and settlement activities