Description

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

Summary

BSE has published the trading and settlement programme for the Electronic Gold Receipts (EGR) segment covering the entire month of February 2026. The circular details 21 settlement cycles (DR-217 through DR-237) with corresponding auction settlements, including specific trading dates, pay-in/pay-out dates, and auction timelines for each settlement number.

Key Points

  • Settlement schedule covers February 1-28, 2026 with continuous daily settlement cycles
  • Each settlement includes depository settlement number, trading date, pay-in/pay-out date, and corresponding auction settlement details
  • First settlement DR-217/2025-2026 (Depository: 2526217) starts on February 1, 2026
  • Last settlement DR-237/2025-2026 (Depository: 2526237) concludes on March 4, 2026 (pay-out)
  • Weekend gaps observed on February 7-8, 14-15, 21-22, and March 1 (Saturday)
  • Standard T+1 settlement cycle maintained throughout the period

Regulatory Changes

No regulatory changes introduced. This is a routine operational schedule following existing settlement procedures for the EGR segment.

Compliance Requirements

  • Members must submit pay-in instructions to Depositories/banks latest by 2:00 PM on pay-in days
  • Pay-out of funds and securities will be completed by 4:00 PM
  • For auction settlements: members must submit pay-in instructions to Depositories/banks latest by 8:50 AM
  • Auction pay-in timing is 9:00 AM
  • Members must adhere to the published settlement calendar for trade execution and settlement obligations

Important Dates

  • February 1, 2026: First trading day of the schedule (Settlement DR-217)
  • February 2, 2026: First pay-in/pay-out date
  • February 27, 2026: Last trading day covered in February
  • March 2, 2026: Pay-in/pay-out for settlement DR-237 (February 27 trading)
  • March 4, 2026: Final auction pay-out for the schedule period
  • Weekend closures: February 7-8, 14-15, 21-22, and March 1

Impact Assessment

This circular has minimal market impact as it provides routine operational information for EGR segment participants. It enables members to plan their trading and settlement activities for February 2026. The schedule maintains the standard T+1 settlement cycle with no disruptions or changes to existing procedures. The information is primarily relevant to members actively trading in the EGR segment for operational planning and compliance purposes.

Impact Justification

Routine operational circular providing the monthly trading and settlement calendar for EGR segment with standard procedures and timelines