Settlement Calendar for May 2026 - Electronic Gold Receipt (EGR) Segment

Description

NSE Clearing Limited publishes the settlement schedules for the Electronic Gold Receipt (EGR) segment for May 2026, covering Normal T+1 (Type 6) and Auction (Type 7) settlement types.

Summary

NSE Clearing Limited (formerly National Securities Clearing Corporation Ltd.) has published the settlement calendar for the Electronic Gold Receipt (EGR) segment for May 2026. The circular covers two settlement types: Normal T+1 (Settlement Type 6) and Auction (Settlement Type 7), with schedules running from May 18 through end of May 2026, extending into June 2026 for the final settlements.

Key Points

• Settlement Type 6 (Normal T+1): 10 settlement cycles covering May 18–29, 2026
• Settlement Type 7 (Auction): 10 settlement cycles covering May 19 – June 1, 2026
• May 28, 2026 is a settlement holiday, resulting in multiple settlements on May 29, 2026
• Due to the multiple settlement on May 29, auction of shortages of settlement 2026009 will be merged into auction 2026010 — there will be no standalone auction 2026009
• Final Normal T+1 settlement (2026010) settles on June 1, 2026
• Issued under Regulation 6.2 of the National Securities Clearing Corporation (Capital Market Regulations, 1997)

Regulatory Changes

No regulatory changes are introduced. This circular is issued in pursuance of existing Regulation 6.2 of the National Securities Clearing Corporation (Capital Market Regulations, 1997) as a routine operational notification.

Compliance Requirements

• All EGR segment members must adhere to the published settlement schedules for Normal T+1 and Auction settlement types
• Members must account for the settlement holiday on May 28, 2026, which causes multiple settlements on May 29, 2026
• Members should note the merger of auction 2026009 into auction 2026010 and plan accordingly — no separate auction will be held for shortages of settlement 2026009
• For queries, members may contact the NSE Clearing help desk at 1800 266 0050 (IVR Option 2) or securities_ops@nsccl.co.in

Important Dates

Normal T+1 Settlement (Type 6):

Auction Settlement (Type 7):

*Auction 2026009 merged into 2026010; no standalone auction for 2026009.

• Settlement Holiday: May 28, 2026
• Multiple Settlements on: May 29, 2026 (Settlements 2026008 and 2026009 both settle on this date)

Impact Assessment

This is a routine operational circular with medium impact on EGR segment participants. Members trading in Electronic Gold Receipts must plan their trading activity around the published schedule, particularly noting the May 28 holiday which compresses settlements onto May 29. The merger of auction settlements 2026009 and 2026010 reduces auction events for that cycle. No broader market impact is expected beyond operational planning for EGR segment members.

Impact Justification

Routine operational circular providing settlement schedules for EGR segment participants; important for members to plan trades and settlements but no regulatory change involved.