transactions in OTC Interest Rate Derivatives Market

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Suresh Prasad

www.aubsp.com

15630 Points Posted on 21 March 2011

IMMDA accredited brokers for transactions in OTC Interest Rate Derivatives Market

RBI/2010-11/438
IDMD.PDRD.No. 3961/03.64.00/2010-11

March 18, 2011

All Standalone Primary Dealers

Dear Sir,

FIMMDA accredited brokers for transactions in OTC Interest Rate Derivatives Market

Please refer to para 8.1 of the circular RBI/2010-11/81 IDMD.PDRD.01/03.64.00/2010-11 dated July 1, 2010 on Operational Guidelines to Primary Dealers, whereby the Primary Dealers (PDs) are allowed to undertake securities or derivatives transactions among themselves or with clients through the members of the BSE, NSE or OTCEI.

2. In partial modification of the above guidelines, it is advised that if the standalone PDs undertake OTC interest rate derivative transactions through brokers, they should ensure that these brokers are accredited by the FIMMDA.

Yours faithfully,

(K. K. Vohra)
Chief General Manager

Source:https://www.rbi.org.in/scriptts/NotificationUser.aspx?Id=6297&Mode=0

Replies (2)

Suresh Prasad

www.aubsp.com

15630 Points Posted on 21 March 2011

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All ROC Forms At One Place

Ramalingam K

Founder & Director - Holistic Investment

21077 Points Posted on 09 May 2014

OTC derivatives market reform and its impact on investment managers and institutional investors:

The collapse of lehman brothers and the near collapse of AIG in 2008 highlighted the substantial and unknown exposures to other counter parties through over-the-counter-derivatives.

https://www.deloitte.com/assets/DcomAustralia/Local%20Assets/Documents/Industries/Financial%20services/Wealth%20management%20and%20investment/Deloitte_OTC_derivatives_market_reform_Dec13.pdf

With Regards,

Ramalingam,

Director,Chief Financial Planner.

HOLISTIC INVESTMENT PLANNERS PRIVATE LTD

“Best Performing Financial Advisor Award” Winners from CNBC TV18

Website: www.holisticinvestment.in