Scribd Logo
Upload

Welcome to Scribd!

  • 32 views

    Whats New Debt

    Uploaded by

    sankarjv
    The document provides information about the new debt market on the NSE exchange. It details revisions to lot sizes for institutional and odd lot settlement. It also lists over 7,000 new debt instruments and covers trading parameters, membership details, clearing and settlement processes, risk management policies, and help-line contact information for the normal and negotiated debt platforms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Whats New Debt

    Uploaded by

    sankarjv
    32 views7 pages
    The document provides information about the new debt market on the NSE exchange. It details revisions to lot sizes for institutional and odd lot settlement. It also lists over 7,000 new debt instruments and covers trading parameters, membership details, clearing and settlement processes, risk management policies, and help-line contact information for the normal and negotiated debt platforms.

    Original Description:

    debt market

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides information about the new debt market on the NSE exchange. It details revisions to lot sizes for institutional and odd lot settlement. It also lists over 7,000 new debt instruments and covers trading parameters, membership details, clearing and settlement processes, risk management policies, and help-line contact information for the normal and negotiated debt platforms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    32 views7 pages

    Whats New Debt

    Uploaded by

    sankarjv
    The document provides information about the new debt market on the NSE exchange. It details revisions to lot sizes for institutional and odd lot settlement. It also lists over 7,000 new debt instruments and covers trading parameters, membership details, clearing and settlement processes, risk management policies, and help-line contact information for the normal and negotiated debt platforms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    You are on page 1of 7

    What’s New on

    NEW DEBT MARKET


    What’s new on Debt

    Revised Lot size


    for Institutional
    Odd Lot Settlement
    Guarantee
    (DVP III)

    DVP I
    Settlement ( for 7000+ new
    negotiated deals) instruments

    Negotiated
    Trades
    Trading Parameters
    Particulars Retail Platform Institutional Platform Negotiated Platform

    Publicly Issued Bonds,


    Securities Non-Publicly issued debt instruments Specified Instruments
    Government Securities etc.
    9.00 am to 3:00 pm (T+0)
    Trading Hours 9.00 am to 5:00 pm 9.00 am to 5:00 pm
    9.00 am to 5.00 pm (T+1)
    Trade modification end
    time/Give up approval end 5:20 pm 5:20 pm Not Applicable
    time
    Order Matching on price time Matched trades will be approved
    Trade Matching Order Matching on price time priority
    priority by exchange
    Normal Lot - Rs. 5 Cr and in Multiples
    Market Lot 1 bond and in Multiples Rs. 1 lakh and multiples
    Odd Lot Rs. 10 Lakhs and in Multiples
    Normal Lot - Rs. 0.0001 (1/100 Paise)
    Tick Size Rs. 0.01 (1 Paise) Rs.0.0001 (1/100 paise)
    Odd Lot - Rs. 0.0001 (1/100 Paise)
    Clean Price in terms of Face Clean Price in terms of Rs.100
    Quotation Clean Price in terms of Rs.100
    Value
    +/-1% of the base price
    Price range of Debt Security +/-1% of the base price +/-1% of the base price

    Institutional Normal Lot – Number of


    Quantity Freeze/single order Retail Debt – Number of bonds bonds for face value Rs 25 Crores
    Not Applicable
    limit for face value Rs 10 lakhs Institutional Odd Lot – Number of
    bonds for face value Rs 50 lakhs

    All members of equity derivatives and


    All members eligible
    Membership All members eligible currency derivatives segments of the
    exchange
    Clearing & Settlement
    Particulars Normal Market Negotiated Platform

    Settlement
    DVP III basis (Netting of funds and securities) DVP I basis (Gross settlement).
    Methodology
    Settlement cycle shall be on T+1 basis in Settlement cycle shall be on T+0 or T+1 basis as per
    Settlement Cycle
    dematerialized mode. terms of the trade.

    T0 - Pay in / Pay-out ( Funds and Securities ) : 03:30 pm


    Pay in ( Funds and Securities ) : 11:00 am
    Settlement Time Line T1 – Pay-in / Pay out ( Funds and Securities) : 11:00
    Pay out ( Funds and Securities) : 12:00 pm
    am

    Settlement Guarantee NSCCL Settlement Guarantee shall be provided Settlement on CBRICS platform
    Settlement NSCCL Settlement Mechanism CBRICS Settlement Mechanism
    Mechanism • Custodian can view transactions for their • Trades to flow in CBRICS for Settlement at an
    participant codes interval of 15 minutes
    • CP trades confirmation through NCMS system • A separate CBRICS module is provided where
    • Early Pay-in facility provided for securities negotiated trades shall be available
    (https://www.bricsonline.net/debt/gui/index.html)
    • Client code for trading on negotiated platform shall
    be same as of CBRICS client code
    • Custodian can view transactions for their
    participant codes
    Accrued Interest For bonds traded in Clean price adjusted to Rs. 100
    = (Settlement date – Last IP date) * 100 * (Coupon Rate/365 or 366)

    For bonds traded in Clean price adjusted to Face Value


    = (Settlement date – Last IP date) * Face Value* (Coupon Rate/365 or 366)
    Risk Management

    Normal Market Negotiated Trades


    • Initial margins levied as per
    SPAN methodology
    • Extreme loss margin of 2%
    • Margins updated six times a day
    • Financial close-out at 4% of Since DVP I
    traded price in case of settlement on
    settlement failure CBRICS, No Risk
    • Penal charges applicable for non Management
    compliance of margin and policies
    settlement requirement applicable
    Important Links - Debt
    Click the link below to access the information on the Debt site

    • Product Specifications

    • List of Instruments

    • Accrued Interest for the month

    • FAQs
    Help-line

    Normal Market Negotiated Trades


    • Trading : • Trading :
    Toll Free : 1800 22 0053 Toll Free : 1800 22 0053
    • Email : wdm@nse.co.in • Email : wdm@nse.co.in

    • Clearing: • Clearing
    Toll Free : 1800 22 0057 022-26598169/ 26598241
    Fax :022-26598269 Fax :022-26598183
    • Email: securities_nsccl@nse.co.in • Email : cbclearing@nse.co.in

    • Risk Management:
    Toll Free : 1800 22 0057
    Fax : 022-26598242
    • Email : risk_group@nse.co.in

    You might also like