Simplification of operational process and clarifying regarding the cash flow disclosure in Corporate Bond Database pursuant to review of Request for Quote (RFQ) Platform framework.

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....onvertible Securities, Securitised Debt Instruments, Municipal Debt Securities and Commercial Paper; Recognised Stock Exchanges and Clearing Corporations; Registered Depositories; Stock Brokers and Depository Participants Madam/ Sir, Subject: Simplification of operational process and clarifying regarding the cash flow disclosure in Corporate Bond Database pursuant to review of Re....

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....FQ platform of the Stock Exchanges. 1.2. In order to simplify the process of yield to price computation for non-convertible securities, cash flow dates regarding payment of interest/ dividend/ redemption for the securities traded on RFQ platform for the purpose for yield to price computation shall not be adjusted for day count convention and shall accordingly be based on the due date of payment....

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....e 3.3.34 of Schedule I of the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 requires Issuer to disclose cash flow with date of with date of interest/dividend/ redemption payment as per day count convention in the offer document. 2.2. Chapter XIV of the NCS Master Circular requires issuers to submit and update certain information in the centralized database at the time....

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....g the tenure of the securities, the same shall be updated within one working day in the centralized corporate bond database." 3. The aforesaid disclosure requirement shall be applicable for prospective issuances of debt securities and for the residual maturity of the ISINs that are already listed. 4. This circular shall come into force with effect from August 18, 2025 5. The Stock Exchang....