Description

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

Summary

The 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 expands the list of banks offering these electronic collateral services, continuing the initiative started in November 2023.

Key Points

  • AU Small Finance Bank added to list of approved banks for E-BG and E-FDR facilities
  • Facility available to members from November 24, 2025
  • This is a continuation of circular no. 20231113-18 dated November 13, 2023
  • Members can contact their Relationship Managers or Collateral Management team for clarifications

Regulatory Changes

No regulatory changes. This is an expansion of existing electronic collateral acceptance framework to include an additional banking partner.

Compliance Requirements

No new compliance requirements. Members wishing to use E-BG or E-FDR facilities from AU Small Finance Bank can now do so starting November 24, 2025.

Important Dates

  • November 24, 2025: Effective date for E-BG and E-FDR facility from AU Small Finance Bank

Impact Assessment

Operational Impact: Low - This is a positive development that provides members with additional banking options for electronic collateral submission. It enhances operational flexibility and convenience for members using AU Small Finance Bank.

Market Impact: Minimal - No direct impact on trading or market operations. This is an administrative enhancement to collateral management processes.

Member Action Required: Optional - Members currently banking with AU Small Finance Bank may choose to utilize this facility for submitting collateral electronically.

Contact Information

For clarifications:

  • Collateral Management:
  • Relationship Managers: Contact respective relationship managers

Impact Justification

Administrative update adding one more bank to existing electronic guarantee facility. Does not affect trading operations or member obligations significantly.