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Tuesday, May 08, 2007
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Gold BeES can be collateral

Our Bureau

Mumbai May 7 `Gold BeES' - the Gold Exchange Traded Fund from Benchmark Mutual Fund, is now an approved security forming part of the non-cash component of liquid assets for the capital markets as well as the future and options segments of the National Stock Exchange. It has been also classified as Group 1 security, attracting the lowest margin for trading and the lowest haircuts while used as collateral.

The NSE selects such securities based on liquidity parameters such as trading frequency and impact costs.

More Stories on : Stocks | Mutual Funds | Gold & Silver

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