Thursday, February 16, 2012

RBI GUIDELINES ON CREDIT DEFAULT SWAP OPERATIONAL

Reserve Bank of India (RBI) operational new guidelines on Credit Default Swap (CDS), directing
market participants to report such trades within 30 minutes to the Clearing Corporation's online repository. The Reserve Bank of India (RBI) said that it is advised  that all market makers shall report their Credit Default Swap (CDS) trades in corporate bonds within 30 minutes of the trade to the Clearing Corporation of India Ltd. (CCIL) trade repository CCIL Online Reporting Engine (CORE) beginning December 1, 2011.

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