Request for Quote (RFQ) platform for trade execution and settlement of trades in listed Non-convertible Securities, Securitised Debt Instruments, Municipal Debt Securities and Commercial Paper
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....uritised Debt Instruments, Municipal Debt Securities and Commercial Paper; Recognised Stock Exchanges and Clearing Corporations; Registered Depositories; Stock Brokers and Depository Participants Madam/ Sir, Sub: Request for Quote (RFQ) platform for trade execution and settlement of trades in listed Non-convertible Securities, Securitised Debt Instruments, Municipal Debt Securities and Comme....
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.... trade. 3. Basic features of the RFQ platform: 3.1. The RFQ platform is a system or interface for inviting and/ or giving quotes on an electronic platform. 3.2. A participant who seeks quote(s) is termed as an Initiator and a participant who acts/ responds to the quote requests of the Initiator is termed as a Responder. 3.3. A participant may request other participants for a quote for eligi....
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....vertible securities; 4.2. Securitised Debt Instruments; 4.3. Municipal Debt Securities; 4.4. Commercial Paper; 4.5. Certificate of Deposit; 4.6. Government Securities; 4.7. State development Loans; 4.8. Treasury Bills; and 4.9. Any other instrument, as may be specified by Stock Exchanges in consultation with SEBI. 5. In February 2020, the RFQ platform was introduced as a 'particip....
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....to allow stock brokers registered under the debt segment of the Stock Exchange(s) to place/ seek bids on the RFQ platform on behalf of client(s), in addition to the existing option of placing bids in a proprietary capacity. 7. The Stock Exchange(s) are directed to: 7.1. put in place the necessary infrastructure for access and use of the platform by the participants including stock brokers and i....


TaxTMI
TaxTMI