Investment of own funds (excluding funds lying in Core Settlement Guarantee Fund) by Clearing Corporations in International Financial Services Centre (IFSC)
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Investment in AAA foreign sovereign securities allowed for IFSC clearing corporations, subject to a prescribed cap on investible resources. Clearing corporations in the IFSC may invest their own funds, excluding the Core Settlement Guarantee Fund, in AAA rated Foreign Sovereign Securities, subject to a ceiling not to exceed ten percent of total investible resources (excluding Core Settlement Guarantee Fund). The circular supplements existing permitted investments-fixed deposits, central government securities and liquid debt mutual fund schemes-by authorising this additional instrument for own funds.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Investment in AAA foreign sovereign securities allowed for IFSC clearing corporations, subject to a prescribed cap on investible resources.
Clearing corporations in the IFSC may invest their own funds, excluding the Core Settlement Guarantee Fund, in AAA rated Foreign Sovereign Securities, subject to a ceiling not to exceed ten percent of total investible resources (excluding Core Settlement Guarantee Fund). The circular supplements existing permitted investments-fixed deposits, central government securities and liquid debt mutual fund schemes-by authorising this additional instrument for own funds.
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