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    <title>Trading and reporting of municipal debt securities</title>
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    <description>Trades in listed municipal debt securities must be cleared and settled through a recognised clearing corporation as specified by the Board, while OTC trades must be reported on a recognised stock exchange with a nationwide trading terminal or other Board specified platform. Issuer and instrument details, ratings and rating migration, coupon and buyback information are required to be reported to a common database as specified by the Board.</description>
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      <description>Trades in listed municipal debt securities must be cleared and settled through a recognised clearing corporation as specified by the Board, while OTC trades must be reported on a recognised stock exchange with a nationwide trading terminal or other Board specified platform. Issuer and instrument details, ratings and rating migration, coupon and buyback information are required to be reported to a common database as specified by the Board.</description>
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