Description

Trading and settlement schedule for the Electronic Gold Receipts (EGR) segment covering the period from February 1, 2026 to February 28, 2026, including settlement numbers, trading dates, and pay-in/pay-out timelines.

Summary

BSE has released the trading and settlement programme for the Electronic Gold Receipts (EGR) segment for February 2026. The circular provides detailed settlement numbers, trading dates, pay-in/pay-out dates, and auction schedules from February 1, 2026 to February 28, 2026. This is a standard monthly operational schedule following T+1 settlement cycle.

Key Points

  • Settlement cycle follows T+1 pattern (Trading day + 1 business day for settlement)
  • 21 trading sessions scheduled for February 2026
  • Settlement numbers range from DR-217/2025-2026 to DR-237/2025-2026
  • Depository settlement numbers range from 2526217 to 2526237
  • Each trading settlement has a corresponding auction settlement (RA series)
  • Weekend gaps observed on February 8-9, 15-16, and 22-23
  • Final settlement of February (DR-237) pays out on March 2, 2026

Regulatory Changes

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

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/banks by 2:00 PM on pay-in dates
  • Pay-out of funds and securities will be completed by 4:00 PM on pay-out dates
  • Auction pay-in timing: Members must submit instructions by 8:50 AM for 9:00 AM pay-in
  • Members must adhere to the published settlement calendar for operational planning

Important Dates

  • Programme Period: February 1, 2026 to February 28, 2026
  • First Trading Date: February 1, 2026 (Settlement DR-217/2025-2026)
  • Last Trading Date: February 27, 2026 (Settlement DR-237/2025-2026)
  • Pay-in Deadline: 2:00 PM on scheduled pay-in dates
  • Pay-out Time: By 4:00 PM on scheduled pay-out dates
  • Auction Pay-in: 8:50 AM submission deadline for 9:00 AM pay-in

Impact Assessment

Market Impact: Minimal. This is a standard operational schedule that enables smooth functioning of the EGR segment.

Operational Impact: Low. Members trading in EGR segment need to plan their operations according to the published calendar. The T+1 settlement cycle continues without changes.

Investor Impact: Negligible. The schedule ensures predictable settlement timelines for EGR transactions, maintaining market efficiency and transparency.

Impact Justification

Routine monthly trading and settlement schedule for EGR segment with no policy changes or market disruptions