Electronic gold receipts framework mandates regulated creation, trading and conversion with vaulting, reconciliation and margining safeguards. The Master Circular consolidates the operational, custodial and market framework for Electronic Gold Receipts (EGRs): physical gold meeting prescribed standards is deposited with registered Vault Managers who create ISIN identified EGRs via a common depository interface; Depositories, Stock Exchanges and Clearing Corporations coordinate trading, reconciliation and extinguishment on withdrawal; Vault Managers must maintain specified security, insurance, recordkeeping, inspection and indemnity arrangements; and Clearing Corporations must apply mandated MTM, VaR and Extreme Loss margining with defined liquid asset haircuts and reporting.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Electronic gold receipts framework mandates regulated creation, trading and conversion with vaulting, reconciliation and margining safeguards.
The Master Circular consolidates the operational, custodial and market framework for Electronic Gold Receipts (EGRs): physical gold meeting prescribed standards is deposited with registered Vault Managers who create ISIN identified EGRs via a common depository interface; Depositories, Stock Exchanges and Clearing Corporations coordinate trading, reconciliation and extinguishment on withdrawal; Vault Managers must maintain specified security, insurance, recordkeeping, inspection and indemnity arrangements; and Clearing Corporations must apply mandated MTM, VaR and Extreme Loss margining with defined liquid asset haircuts and reporting.
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