https://www.taxtmi.com/circulars?id=65400 FPIs may buy and sell CDS as non-retail users under Credit Derivatives Directions, but selling protection is subject to an aggregate limit equal to 5% of outstanding corporate bonds monitored by CCIL; FPIs must stop selling once the limit is used and the limit is released on exit. Debt instruments received or purchased in physical settlement count toward corporate bond investment limits and, if limits are unavailable at settlement, will be adjusted in subsequent reviews. Notional amounts and deliverable debt instruments are exempt from minimum residual maturity, short-term, concentration, and single/group investor-wise limits. Directions effective May 09, 2022. en-us Thu, 10 Feb 2022 00:00:00 +0530 Thu, 10 Feb 2022 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65400 FPIs may buy and sell CDS as non-retail users under Credit Derivatives Directions, but selling protection is subject to an aggregate limit equal to 5% of outstanding corporate bonds monitored by CCIL; FPIs must stop selling once the limit is used and the limit is released on exit. Debt instruments received or purchased in physical settlement count toward corporate bond investment limits and, if limits are unavailable at settlement, will be adjusted in subsequent reviews. Notional amounts and deliverable debt instruments are exempt from minimum residual maturity, short-term, concentration, and single/group investor-wise limits. Directions effective May 09, 2022. Circulars FEMA Thu, 10 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65400