Civil Procedure Code (CPC)

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Introduction of Interest Rate Futures- NBFCs

 Notice Date : 18 September 2009   Share  Bookmark

Introduction of Interest Rate Futures- NBFCs

RBI/2009-10/165
DNBS.PD.CC.No.161/3.10.01/ 2009-10

September 18,  2009

All NBFCs (excluding RNBCs)

Dear Sir

Introduction of Interest Rate Futures- NBFCs

Please refer to the Directions issued by the Reserve Bank of India  in terms of Notification No. FMD. 1 /ED(VKS) - 2009 dated August 28, 2009, covering the framework for trading of Interest Rate Futures (IRFs) in recognized exchanges in India.

2.   It has been decided that NBFCs may participate in the designated interest rate futures exchanges recognized by SEBI, as clients, subject to RBI / SEBI guidelines in the matter, for the purpose of hedging their underlying exposures.

3.  NBFCs participating in IRF exchanges may submit the data in this regard half yearly, in the format enclosed, to the Regional office of the Department of Non-Banking Supervision in whose jurisdiction their company is registered, within a period of one month from the close of the half year.

Yours sincerely,

(A Narayana Rao)
Chief General Manager-in-Charge

Encl: as above


Interest Rate futures transactions for the purpose of hedging by NBFCs – Statement for the Half-year ended……….

Name of the NBFC:

Interest Rate Futures

No. of transactions

Notional principal amount in Rs

Short

 

 

Long

 

 

 

Authorised signatory

 

 
jyoti
on 20 September 2009 Published in Others
Source : ,

Comments





Post a Suggestion for LCI Team
Post a Legal Query