Description
BSE revises trading settlement numbers for the Electronic Gold Receipts (EGR) segment for trading dates March 30 and March 31, 2026, with updated depository settlement references.
Summary
Indian Clearing Corporation Ltd (ICCL) has revised the trading settlement numbers for the Electronic Gold Receipts (EGR) segment for trading dates March 30, 2026 and March 31, 2026. This supersedes Notice No. 20260219-4 dated February 19, 2026. Depositories CDSL and NSDL are directed to update their systems accordingly.
Key Points
- Revised settlement numbers replace previously communicated numbers for EGR segment on March 30 and March 31, 2026
- Settlement number for March 30, 2026 revised from 2526258 to 2627001
- Settlement number for March 31, 2026 revised from 2526259 to 2627002
- Both CDSL and NSDL are required to take necessary action with respect to the revised settlement numbers
- Smooth processing of pay-in/pay-out obligations must be ensured for the affected trading dates
Regulatory Changes
Revision to settlement reference numbers for depository purposes under the EGR segment. This is an amendment to the earlier Notice No. 20260219-4 dated February 19, 2026.
Compliance Requirements
- CDSL and NSDL must update their systems to reflect the revised settlement numbers (2627001 and 2627002) for the respective trading dates
- Depositories must ensure smooth processing of pay-in/pay-out obligations using the revised settlement numbers
Important Dates
| Trading Date | Pay-in/Pay-out Date | Auction Submission | Auction Pay-in/Pay-out | Old Sett. No. | Revised Sett. No. |
|---|---|---|---|---|---|
| 30-03-2026 | 02-04-2026 | 02-04-2026 | 06-04-2026 | 2526258 | 2627001 |
| 31-03-2026 | 02-04-2026 | 06-04-2026 | 07-04-2026 | 2526259 | 2627002 |
Impact Assessment
This circular has a moderate operational impact, primarily affecting depositories (CDSL and NSDL) and their back-office settlement systems for the EGR segment. Market participants trading in Electronic Gold Receipts around the March 30-31, 2026 period should be aware of the revised settlement numbers to avoid reconciliation issues. The change appears to be related to financial year-end settlement adjustments (Indian FY ends March 31), warranting revised settlement numbering.
Impact Justification
Operational update revising settlement numbers for EGR segment affecting depositories CDSL and NSDL; relevant to clearing and settlement participants but not broadly market-moving.