Wednesday August 28 2013
News Source: Global Exchanges
Focus: Derivative Market Segment
Type: General
Country: India
Link: http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=8342&Mode=0
The Reserve Bank of India has published a notification relating to the reporting of OTC transactions in securitised debt instruments. Reporting of such transactions should now be made through the Fixed Income Money Market and Derivatives Association of India (FIMMDA) reporting platform. This move is designed to enhance transparency and develop the debt market.
With effect from 2nd September 2013, all entities regulated by the Reserve Bank of India should report their secondary market OTC trades in securitized debt instruments within 15 minutes of the trade on FIMMDA’s reporting platform.
Click on the above link for more details.