Description
Trading and settlement schedule for Electronic Gold Receipts (EGR) segment covering the period from February 1, 2026 to February 28, 2026, including pay-in/pay-out dates and auction settlement details.
Summary
BSE has announced the trading and settlement programme for the Electronic Gold Receipts (EGR) segment for February 2026 (February 1 to February 28, 2026). The circular provides detailed settlement numbers, trading dates, pay-in/pay-out dates, and corresponding auction settlement schedules for 21 trading sessions during the month.
Key Points
- Settlement cycle covers 21 trading days from February 1 to February 27, 2026
- Settlement numbers range from DR-217/2025-2026 to DR-237/2025-2026
- Depository settlement numbers: 2526217 to 2526237
- Each trading day has corresponding auction settlement (RA series)
- Pay-in deadline: 2:00 PM with instructions to depositories/banks required by 2:00 PM
- Pay-out of funds and securities: by 4:00 PM
- Auction pay-in: 9:00 AM with instructions required by 8:50 AM
Regulatory Changes
No regulatory changes introduced. This is a routine operational schedule announcement.
Compliance Requirements
- Members must submit pay-in instructions to depositories/banks by 2:00 PM for regular settlements
- Members must submit auction pay-in instructions to depositories/banks by 8:50 AM for auction settlements
- Members must adhere to the published trading and settlement calendar for EGR segment transactions
Important Dates
- Period Covered: February 1, 2026 to February 28, 2026
- First Trading Day: February 1, 2026 (Settlement DR-217/2025-2026)
- Last Trading Day: February 27, 2026 (Settlement DR-237/2025-2026)
- Weekend Adjustments: Pay-outs scheduled on Saturdays are moved to following Monday (e.g., February 7-8 weekend, February 14-15 weekend, February 21-22 weekend, February 28-March 1 weekend)
- Final Pay-out Date: March 2, 2026 (for February 27 trading)
- Final Auction Pay-out: March 4, 2026 (for RA-237/2025-2026)
Impact Assessment
Market Impact: Minimal. This is a routine monthly schedule publication that provides operational certainty for EGR segment participants.
Operational Impact: Members trading in the EGR segment must align their internal settlement and fund management processes with the published schedule. The calendar accounts for weekends and ensures continuous settlement cycles throughout February 2026.
Participant Impact: Affects members trading Electronic Gold Receipts on BSE. No changes to existing settlement procedures or timelines.
Impact Justification
Routine operational circular providing standard monthly trading and settlement schedule for EGR segment with no policy changes or market impact