Transaction in Corporate Bonds through Request for Quote platform by Portfolio Management Services (PMS)

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.... All Portfolio Managers, Sir / Madam Subject: Transaction in Corporate Bonds through Request for Quote platform by Portfolio Management Services (PMS) 1. In order to enhance transparency pertaining to debt investments by Portfolio Management Services (PMS) in Corporate Bonds (CBs) and to increase liquidity on exchange platform, it is decided as under: i. On a monthly basis, PMS s....

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....  iv. PMS are permitted to accept the Contract Note from the stock brokers for transactions carried out in OTO and OTM modes of RFQ. 2. The above shall come into force with effect from April 1, 2022. Accordingly, from the month of April 2022, PMS shall ensure that at least 10% (by value) of their secondary market trades in CBs in current month and immediate preceding two months (i.e. Febru....