Description

BSE announces the complete 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 published the comprehensive trading and settlement programme for the Electronic Gold Receipts (EGR) segment for February 2026. The schedule covers 21 trading days from February 1, 2026 to February 28, 2026, detailing settlement numbers (DR-217/2025-2026 through DR-237/2025-2026), corresponding depository settlement numbers (2526217 through 2526237), trading dates, pay-in/pay-out dates, and auction settlement details. The circular specifies standard operating timelines: pay-in by 2:00 PM with pay-out by 4:00 PM, and auction pay-in at 9:00 AM with submission deadline at 8:50 AM.

Key Points

  • Complete settlement schedule for 21 trading days in February 2026
  • Settlement numbers range from DR-217/2025-2026 to DR-237/2025-2026
  • Depository settlement numbers: 2526217 to 2526237
  • Each trading day has a corresponding auction settlement (RA series)
  • Standard T+1 settlement cycle maintained throughout the period
  • Weekend gaps observed (Saturday-Sunday with settlements moving to Monday)
  • Last settlement DR-237/2025-2026 for February 27 trading extends pay-out to March 4, 2026

Regulatory Changes

No regulatory changes introduced. This is a routine schedule publication maintaining existing settlement framework for the EGR segment.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/banks by 2:00 PM for regular settlements
  • For auction settlements, members must submit pay-in instructions by 8:50 AM
  • Pay-in of funds and securities must be completed by the specified deadline
  • Members must adhere to the published settlement calendar for operational planning

Important Dates

  • Schedule Period: February 1, 2026 to February 28, 2026
  • First Settlement: DR-217/2025-2026 (Trading: Feb 1, Pay-out: Feb 2)
  • Last Settlement: DR-237/2025-2026 (Trading: Feb 27, Pay-out: Mar 4)
  • Pay-in Deadline: 2:00 PM daily for regular settlements
  • Pay-out Time: 4:00 PM daily
  • Auction Pay-in: 9:00 AM (instructions by 8:50 AM)

Impact Assessment

Market Impact: Minimal. This is a standard operational schedule announcement with no changes to existing procedures or timelines.

Operational Impact: Low. EGR segment participants (members trading electronic gold receipts) can plan their operations, settlements, and liquidity management for February 2026 based on this published schedule.

Participant Action: Informational only. Members should note the schedule for operational planning, particularly the extended settlement cycle at month-end where the last February trading day settles in early March due to the weekend.

Impact Justification

Routine monthly schedule announcement for EGR segment with standard operational timelines. No policy changes or market impact, purely informational for segment participants.