Description
BSE announces the trading and settlement schedule for the EGR (Electronic Gold Receipts) segment covering the period from November 3, 2025 to November 28, 2025, including pay-in/pay-out dates and auction settlement details.
Summary
BSE has published the trading and settlement programme for the Electronic Gold Receipts (EGR) segment for the period from November 3, 2025 to November 28, 2025. The circular provides detailed settlement numbers, trading dates, pay-in/pay-out dates, and auction settlement schedules. The programme covers 20 regular settlements (DR-154/2025-2026 through DR-173/2025-2026) and their corresponding auction settlements.
Key Points
- Settlement cycle runs from November 3, 2025 to November 28, 2025
- 20 regular settlements scheduled with settlement numbers DR-154/2025-2026 through DR-173/2025-2026
- Corresponding depository settlement numbers: 2526154 through 2526173
- Each regular settlement has a corresponding auction settlement (RA-154/2025-2026 through RA-173/2025-2026)
- Pay-in deadline: 2:00 PM with instructions to depositories/banks required by 2:00 PM
- Pay-out timing: By 4:00 PM for both funds and securities
- Auction pay-in time: 9:00 AM with instructions required by 8:50 AM
- Trading occurs on all business days with T+1 settlement cycle
Regulatory Changes
No regulatory changes introduced in this circular. This is a routine operational schedule announcement.
Compliance Requirements
- Members must submit pay-in instructions to depositories/banks latest by 2:00 PM for regular settlements
- Members must submit auction pay-in instructions to depositories/banks latest by 8:50 AM for auction settlements
- All participants in the EGR segment must adhere to the published schedule for trading and settlement activities
Important Dates
Settlement Period: November 3, 2025 to November 28, 2025
First Settlement: DR-154/2025-2026
- Trading Date: November 3, 2025
- Pay-in/Pay-out: November 4, 2025
Last Settlement: DR-173/2025-2026
- Trading Date: November 28, 2025
- Pay-in/Pay-out: December 1, 2025
- Auction Pay-out: December 2, 2025
Pay-in Timings:
- Regular pay-in: By 2:00 PM
- Auction pay-in: By 9:00 AM
Pay-out Timing:
- Funds and securities: By 4:00 PM
Impact Assessment
Market Impact: Minimal. This is a routine operational circular that provides the standard trading and settlement calendar for EGR segment participants.
Operational Impact: Low. The circular follows the established T+1 settlement cycle for the EGR segment. Market participants trading in electronic gold receipts need to maintain awareness of the schedule for timely settlement of their obligations.
Participant Impact: Informational only. Members and participants in the EGR segment should note the specific dates for planning their trading and settlement activities during this period. The schedule maintains consistency with previous settlement cycles, requiring no operational changes from participants.
Impact Justification
Routine operational circular providing standard trading and settlement schedule for EGR segment. No regulatory changes or compliance requirements, only informational calendar for market participants.