Comments
The Reserve Bank of India has decided to operationalise the guidelines on credit default swap (CDS) for corporate bonds by end-November, instead of October 24 as was planned earlier.
The notification issued by the RBI said that necessary infrastructure, which includes trade repository, documentation, publication of CDS (credit default swap) curve for valuation, standardisation of contracts, required for the launch of the product is being put in place.
Further, market participants have asked for certain clarifications regarding documentation, operational aspects and the arrangement for the necessary institutional framework, said RBI.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.