Description

AU Small Finance Bank added to the list of banks providing E-BG and E-FDR facility to members effective November 24, 2025.

Summary

Indian Clearing Corporation Limited (ICCL) has announced that AU Small Finance Bank will now provide Electronic Bank Guarantee (E-BG) and Electronic Fixed Deposit Receipt (E-FDR) facilities to members effective November 24, 2025. This is an extension of the facility previously announced via circular no. 20231113-18 dated November 13, 2023.

Key Points

  • AU Small Finance Bank added to the list of banks offering E-BG and E-FDR facilities
  • Facility becomes available to members from November 24, 2025
  • This is a continuation of the electronic collateral management initiative started in November 2023
  • Members can contact their Relationship Managers or Collateral Management team for clarifications

Regulatory Changes

No regulatory changes. This is an operational enhancement expanding the list of banks participating in the electronic collateral management system.

Compliance Requirements

No new compliance requirements. Members who wish to utilize E-BG or E-FDR facilities from AU Small Finance Bank can do so voluntarily from the effective date.

Important Dates

  • Effective Date: November 24, 2025 - AU Small Finance Bank begins providing E-BG and E-FDR facility
  • Reference Circular: November 13, 2023 (circular no. 20231113-18) - Original circular on electronic collateral facilities

Impact Assessment

Operational Impact: Positive but minimal. Members gain one additional banking option for submitting electronic bank guarantees and fixed deposit receipts as collateral, providing slightly more flexibility in collateral management.

Market Impact: Negligible. This is a back-office operational enhancement that does not affect trading, settlement processes, or market participants’ obligations.

Member Benefits: Increased choice in banking partners for electronic collateral submission, potentially reducing paperwork and processing time for members who already bank with AU Small Finance Bank.

Contact Information

For clarifications, members may contact:

Collateral Management Team:

Impact Justification

Administrative update adding one more bank to existing E-BG/E-FDR facility. No regulatory changes or compliance burden, just an expansion of existing operational convenience for members.