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 settlement numbers, trading dates, and pay-in/pay-out timelines.

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 details 20 settlement cycles (DR-154/2025-2026 through DR-173/2025-2026) with corresponding auction settlement numbers, trading dates, pay-in/pay-out dates, and auction schedules.

Key Points

  • Settlement cycles run from DR-154/2025-2026 (November 3, 2025) to DR-173/2025-2026 (November 28, 2025)
  • Each settlement has a corresponding depository settlement number (2526154 through 2526173)
  • Auction settlements are numbered from RA-154/2025-2026 to RA-173/2025-2026
  • Regular pay-in deadline is 02:00 p.m. with pay-out at 04:00 p.m.
  • Auction pay-in occurs at 9:00 a.m. with instructions required by 8:50 a.m.
  • Members must submit pay-in instructions to depositories/banks by specified deadlines

Regulatory Changes

No regulatory changes introduced. This is a routine schedule publication.

Compliance Requirements

  • Members must submit pay-in instructions to depositories/banks latest by 02:00 p.m. for regular settlements
  • For auction settlements, members must submit pay-in instructions to depositories/banks latest by 8:50 a.m.
  • Pay-out of funds and securities will be affected by 04:00 p.m.

Important Dates

  • Programme Period: November 3, 2025 to November 28, 2025
  • First Trading Date: November 3, 2025 (Settlement DR-154/2025-2026)
  • Last Trading Date: November 28, 2025 (Settlement DR-173/2025-2026)
  • Final Pay-out Date: December 2, 2025 (for settlement DR-173/2025-2026)
  • Daily Pay-in Time: 02:00 p.m.
  • Daily Pay-out Time: 04:00 p.m.
  • Auction Pay-in Time: 09:00 a.m.

Impact Assessment

Market Impact: Minimal. This is a standard operational schedule for the EGR segment.

Operational Impact: Low. The circular provides routine settlement information necessary for market participants trading in electronic gold receipts. Members and participants need to adhere to the published schedule for timely settlement of trades.

Participant Action Required: Informational only. Participants should note the schedule and ensure compliance with pay-in/pay-out timelines for smooth settlement operations during the specified period.

Impact Justification

Routine operational circular providing standard settlement schedule for EGR segment. No regulatory changes or compliance requirements, only informational schedule for market participants.