Description

BSE publishes the trading and settlement schedule for the Electronic Gold Receipt (EGR) segment for the period from 01 May 2026 to 31 May 2026, covering 21 settlement cycles with corresponding auction dates.

Summary

The Indian Clearing Corporation Ltd. (ICCL) has issued the trading and settlement programme for the Electronic Gold Receipt (EGR) segment on BSE for the period from 01 May 2026 to 31 May 2026. The schedule covers 21 settlement cycles (DR-024/2026-2027 through DR-044/2026-2027) with T+1 settlement, along with corresponding auction settlement numbers and dates.

Key Points

  • Settlement follows a T+1 cycle: pay-in/pay-out is scheduled one business day after the trading date.
  • 21 settlement cycles are defined, running from DR-024/2026-2027 to DR-044/2026-2027.
  • Depository settlement numbers run from 2627024 to 2627044.
  • Corresponding auction settlements (RA-024 to RA-044) are scheduled for each trading session.
  • Pay-in deadline for regular settlements is 3:00 p.m.; pay-out of funds and securities is effected by 4:00 p.m.
  • Auction pay-in is at 9:00 a.m.; members must submit pay-in instructions to depositories/banks by 8:50 a.m.
  • 28 May 2026 (Wednesday) trades settle on 29 May 2026, reflecting a market holiday on that week.
  • Settlements extending into June 2026 (pay-out on 01-06-2026 and 02-06-2026) are included for trades on 27–29 May 2026.

Regulatory Changes

No regulatory changes are introduced. This is a routine operational calendar notice issued by ICCL for EGR segment participants.

Compliance Requirements

  • EGR segment members must submit pay-in instructions to depositories and banks by 3:00 p.m. on the respective pay-in date for regular settlements.
  • For auction settlements, members must submit pay-in instructions by 8:50 a.m. on the auction pay-in date.
  • Members should align their internal settlement processes with the published schedule to avoid settlement failures.

Important Dates

  • Settlement period: 01 May 2026 to 31 May 2026
  • First settlement: Trading date 01-05-2026 (DR-024/2026-2027), pay-in/pay-out 04-05-2026
  • Last settlement in period: Trading date 29-05-2026 (DR-044/2026-2027), pay-out 01-06-2026
  • Regular pay-in deadline: 3:00 p.m. on pay-in date
  • Auction pay-in deadline: 8:50 a.m. on auction pay-in date
  • Pay-out completion: By 4:00 p.m. on pay-out date

Impact Assessment

This circular is of moderate operational impact for participants active in the EGR (Electronic Gold Receipt) segment on BSE. It provides the necessary schedule for clearing members and depositories to plan settlements through May 2026. There is no impact on equity, derivatives, or debt segments. Non-EGR market participants are unaffected. Members trading in the EGR segment must ensure adherence to the published pay-in timelines to avoid auction obligations or settlement shortfalls.

Impact Justification

Routine monthly trading and settlement calendar for the EGR segment; operationally important for EGR participants and clearing members but does not introduce regulatory changes or affect broader equity markets.