transactions in OTC Interest Rate Derivatives Market

 

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)

 

Click for

All ROC Forms At One Place

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

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details