Wednesday, May 16, 2012

GUIDELINES ON CREDIT DEFAULT SWAPS (CDS) FOR CORPORATE BONDS

The Reserve Bank of India (RBI) has decided to permit all India financial institutions, namely, Export Bank of India (EXIM), National Bank for agriculture and rural Development (NABARAD),
National Housing Bank (NHB) and Small industries Development Bank of India (SIDBI) to participate in the Credit Default Swaps (CDS) Market as user to hedge the underlying credit risk in corporate bonds in their portfolio.

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