Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI requires OTC trades in CPs and CDs to be reported on FIMMDA within 15 minutes for transparency.</h1> SEBI mandates that all regulated entities must report their OTC transactions in Commercial Papers (CPs) and Certificates of Deposit (CDs) on the FIMMDA platform within 15 minutes for market transparency. Effective April 1, 2012, these trades are to be settled through the National Securities Clearing Corporation Limited (NSCCL) and Indian Clearing Corporation Limited (ICCL), similar to the settlement process for corporate bonds. Transactions will adhere to norms specified by NSCCL and ICCL. This directive is issued under the Securities and Exchange Board of India Act, 1992, to safeguard investor interests and enhance market regulation.