Corporate Bond Market – Launch of Reporting Platform

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....Director / Executive Director / Administrator Of All Stock Exchanges Dear Sirs, Sub: Corporate Bond Market - Launch of Reporting Platform I. SEBI had issued circular No.SEBI/MRD/SE/AT/36/2003/30/09 dated September 30, 2003 stipulating the conditions to be complied in respect of private placement of debt securities. These conditions governed three aspects, viz., issuance, listing and tradi....

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..... It has been decided that Bombay Stock Exchange Limited would be setting up and maintaining a corporate bond reporting platform as envisaged in the first phase. For the purpose, the following shall be implemented with effect from January 1, 2007: 1. The term 'Corporate Bonds' for this purpose shall include all listed debt securities issued by institutions such as Banks, Public Sector Und....

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....m completion of the settlement. 4. The Bombay Stock Exchange Limited (BSE) shall ensure that the Corporate Bond Reporting platform for the purpose shall be available from 10.00 am to 5.30 pm on all trading days. 5. The access to the platform for the purpose of reporting will be given to all market intermediaries who approach BSE for the purpose. The connectivity to the non-member....

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....ts directors/promoters. IV. Applicability 1. The reporting shall be made for all trades in listed debt securities issued by all institutions such as Banks, Public Sector Undertakings, Municipal Corporations, bodies corporate and companies. 2. The reporting of trades in Corporate Bonds shall be made by all person(s) dealing in such corporate bonds irrespective of whether they a....