New norm for OTC trades

Our Bureau Updated - February 24, 2014 at 10:23 PM.

The Reserve Bank of India on Monday said from April 1 all entities regulated by it should report their secondary market over-the-counter trades in corporate bonds and securitised debt instruments within 15 minutes of the trade on any of the stock exchanges (NSE, BSE and MCX-SX).

These trades may be cleared and settled through any of the clearing corporations (NSCCL, ICCL and MCX-SX CCL).

Published on February 24, 2014 16:53