Description

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

Summary

Indian Clearing Corporation Limited (ICCL) has announced that AU Small Finance Bank will provide Electronic Bank Guarantee (E-BG) and Electronic Fixed Deposit Receipt (E-FDR) facilities to BSE members effective November 24, 2025. This is a continuation of circular no. 20231113-18 dated November 13, 2023, which initially introduced these electronic facilities.

Key Points

  • AU Small Finance Bank added as E-BG and E-FDR facility provider
  • Facility becomes operational from November 24, 2025
  • Electronic submission of bank guarantees and fixed deposit receipts streamlines collateral management
  • Members can contact Relationship Managers or Collateral Management team for clarifications

Regulatory Changes

No regulatory changes introduced. This circular expands the list of banks participating in the existing electronic collateral submission framework established in November 2023.

Compliance Requirements

No new compliance requirements. Members may opt to utilize AU Small Finance Bank for submitting electronic bank guarantees and fixed deposit receipts as collateral. This is a facilitative measure providing additional banking options.

Important Dates

  • November 24, 2025: E-BG and E-FDR facility through AU Small Finance Bank becomes available

Impact Assessment

Operational Impact: Positive but limited. Members gain an additional banking partner for electronic collateral submission, improving operational flexibility. The electronic process reduces paperwork and processing time compared to physical document submission.

Market Impact: Minimal. This is an administrative enhancement to existing collateral management infrastructure with no direct impact on trading activities or market operations.

Contact Information:

Impact Justification

Administrative update expanding e-facility provider list; operational enhancement with no compliance burden or trading impact