{"id":21681,"date":"2023-06-22T14:27:42","date_gmt":"2023-06-22T08:57:42","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=21681"},"modified":"2023-06-23T10:01:17","modified_gmt":"2023-06-23T04:31:17","slug":"iibx-introduces-groundbreaking-30-minute-bdr-settlements","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/","title":{"rendered":"IIBX Introduces Groundbreaking 30-Minute BDR Settlements"},"content":{"rendered":"<p style=\"text-align: justify;\">The India International Bullion Exchange (IIBX), located at GIFT City in Gandhinagar, has achieved a significant milestone by becoming the world&#8217;s first global bullion exchange to offer bullion depository receipt (BDR) settlements every 30 minutes, according to a media report.<\/p>\n<p style=\"text-align: justify;\">Operating from 9 am to 5:30 pm, the exchange has designated 17 slots for BDR settlements, with each settlement occurring every half an hour, starting from 9:30 am. So every 30 minutes, the BDR receipt will be seamlessly transferred from the depository\u2019s demat account to that of qualified jewellers.<\/p>\n<p style=\"text-align: justify;\">Ashok Gautam, the Managing Director and CEO of IIBX, told <a href=\"https:\/\/timesofindia.indiatimes.com\/city\/ahmedabad\/iibx-pioneers-30-minute-bdr-settlements\/articleshow\/101177092.cms\" target=\"_blank\" rel=\"noopener noreferrer\"><i>The<\/i> <i>Times of India<\/i><\/a> that the regulatory authority, IFSCA, approved the 30-minute BDR settlements after confirming the exchange&#8217;s operational and technical readiness. He stated, \u201cThis is the first time such expedited clearances have been offered by any bullion exchange worldwide. The faster realization of BDR into the jewellers\u2019 account allows for obtaining physical gold after necessary duty payments and customs clearances to commence more quickly.\u201d<\/p>\n<p style=\"text-align: justify;\">Recently, the integration of the Indian customs and central excise electronic commerce\/electronic data interchange (EC\/EDI) gateway, commonly known as ICEGATE, into IIBX has streamlined customs clearances, resulting in a total of 142.3 kg of gold being traded on the exchange. Currently, 91 registered qualified jewellers actively participate in trading activities on IIBX.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The India International Bullion Exchange (IIBX), located at GIFT City in Gandhinagar, has achieved a significant milestone by becoming the world&#8217;s first global bullion exchange to offer bullion depository receipt (BDR) settlements every 30 minutes, according to a media report. Operating from 9 am to 5:30 pm, the exchange has designated 17 slots for BDR&hellip;<\/p>\n","protected":false},"author":1,"featured_media":21682,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-21681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IIBX Introduces Groundbreaking 30-Minute BDR Settlements - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IIBX Introduces Groundbreaking 30-Minute BDR Settlements - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"The India International Bullion Exchange (IIBX), located at GIFT City in Gandhinagar, has achieved a significant milestone by becoming the world&#8217;s first global bullion exchange to offer bullion depository receipt (BDR) settlements every 30 minutes, according to a media report. Operating from 9 am to 5:30 pm, the exchange has designated 17 slots for BDR&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/\" \/>\n<meta property=\"og:site_name\" content=\"Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-22T08:57:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-23T04:31:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/06\/IIBX.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\",\"url\":\"https:\/\/gjepc.org\/solitaire\/\",\"name\":\"Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/gjepc.org\/solitaire\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2023\/06\/IIBX.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/#webpage\",\"url\":\"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/\",\"name\":\"IIBX Introduces Groundbreaking 30-Minute BDR Settlements - Solitaire magazine is a International jewellery magazine - India\\u2019s leading B2B gem and jewellery magazine\",\"isPartOf\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/#primaryimage\"},\"datePublished\":\"2023-06-22T08:57:42+00:00\",\"dateModified\":\"2023-06-23T04:31:17+00:00\",\"author\":{\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/gjepc.org\/solitaire\/iibx-introduces-groundbreaking-30-minute-bdr-settlements\/\"]}]},{\"@type\":[\"Person\"],\"@id\":\"https:\/\/gjepc.org\/solitaire\/#\/schema\/person\/b614a6d604f6c36c387b4c876bb33d79\",\"name\":\"GJEPC\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/gjepc.org\/solitaire\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f6c5b479a8ec14da0f88385e2b6cd51ccb37ac80c31409ecaebe5524700952a2?s=96&d=mm&r=g\",\"caption\":\"GJEPC\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/21681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/comments?post=21681"}],"version-history":[{"count":2,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/21681\/revisions"}],"predecessor-version":[{"id":21686,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/posts\/21681\/revisions\/21686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media\/21682"}],"wp:attachment":[{"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/media?parent=21681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/categories?post=21681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/tags?post=21681"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/gjepc.org\/solitaire\/wp-json\/wp\/v2\/thb-sponsors?post=21681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}