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Our Bureau

Rs 201-cr worth deals done on Day 1

Mumbai , Jan. 2

Thirty-one deals worth Rs 201 crore have been reported on BSE's corporate bond reporting platform, on the first day of its launch on Tuesday.

The reporting platform is part of the single exchange-traded market for corporate bonds in India christened ICDM or Indian Corporate Debt Market. This is the first time deals in corporate bonds are reported online.

All trades in corporate bonds are reported on the BSE platform, as per the SEBI guidelines.

According to BSE, the platform is accessible to BSE trading members through the wide network of Ethernet connections, leased lines and VSATs in over 420 cities and towns all over the country, said a BSE press release.

In order to provide unrestricted access to the reporting platform with zero cost for the other reporting entities such as primary dealers, financial institutions, mutual funds, and banks BSE has also provided an Internet based system for reporting the deals.

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