Investment of coupons in government securities permitted outside the FPI government debt limit, with a five day reinvestment window. FPIs may reinvest coupons received on Government securities into additional Government securities, with such coupon investments classified as a separate investment category and kept outside the applicable FPI government debt limit. FPIs have five working days from receipt of the coupon to invest and a five working day re-investment facility applies to securities purchased using coupons; coupons from those securities receive the same facility. Depositories must enable daily custodial reporting and disseminate coupon investment data with daily debt utilisation data.
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 of coupons in government securities permitted outside the FPI government debt limit, with a five day reinvestment window.
FPIs may reinvest coupons received on Government securities into additional Government securities, with such coupon investments classified as a separate investment category and kept outside the applicable FPI government debt limit. FPIs have five working days from receipt of the coupon to invest and a five working day re-investment facility applies to securities purchased using coupons; coupons from those securities receive the same facility. Depositories must enable daily custodial reporting and disseminate coupon investment data with daily debt utilisation data.
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