Regulator |
Securities Exchange Board of India (SEBI) |
Segment |
New Segment on BSE |
Eco System |
SEBI | Exchanges | Clearing Corporations | Depositories | Vault Managers |
Asset Class |
Securities under the SCRA 1956 |
Vault Managers |
Facilitate Deposit & Withdrawal of Gold, Storage of Gold and Creation & Extinguishment of EGRs |
Market Timings |
09:00 AM– 9:30 PM, Mondays - Fridays |
Margin |
VaR + ELM + MTM |
Settlement |
T+1 |
Collateral |
EGR is accepted as collateral with 20% haircut |
Gold Deposit & Withdrawal Timings |
From 10:00 AM to 03:00PM |
EGR will be credited in demat account at T+1 and
Physical gold can be collected at T+1
|
Fungibility of vault |
Option of choosing any vault across nation |
Market Participants |
Retail Investor, Jewelers, Bullion Traders, Refineries, etc |