https://www.taxtmi.com/circulars?id=67813 SEBI permits Mutual Funds to buy and sell Credit Default Swaps (CDS) with risk management limits: buy CDS only to hedge credit risk on held debt (not exceeding protected security exposure), close positions within fifteen working days after selling the protected security, and attribute exposure to the higher rated of reference entity or CDS seller for concentration limits. Funds may sell CDS only as synthetic debt securities backed by earmarked Cash/G Sec/T bills with cover, buffer and daily review; such synthetic positions count as notional exposure for issuer, group and sectoral limits and gross exposure, and schemes must comply with operational, disclosure, and valuation rules. en-us Fri, 20 Sep 2024 00:00:00 +0530 Sat, 21 Sep 2024 13:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=67813 SEBI permits Mutual Funds to buy and sell Credit Default Swaps (CDS) with risk management limits: buy CDS only to hedge credit risk on held debt (not exceeding protected security exposure), close positions within fifteen working days after selling the protected security, and attribute exposure to the higher rated of reference entity or CDS seller for concentration limits. Funds may sell CDS only as synthetic debt securities backed by earmarked Cash/G Sec/T bills with cover, buffer and daily review; such synthetic positions count as notional exposure for issuer, group and sectoral limits and gross exposure, and schemes must comply with operational, disclosure, and valuation rules. Circulars SEBI Fri, 20 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/circulars?id=67813