NATIONAL STOCK EXCHANGE OF INDIA LIMITED

CORPORATE BONDS

 

 

Circular No: 181

 

Download Ref No: NSE/WDM/8611                                          Dated: March 05, 2007

 

To,

All Members in WDM Segment

 

Sub: Corporate Bonds – Reporting Platform

 

Please refer to SEBI Circular No. SEBI/CBM/BOND/1/2007/01/03 dated March 01, 2007 and SEBI Circular No. SEBI/CFD/DIL/BOND/1/2006/12/12 dated December 12, 2006 in respect of the captioned subject.

 

NSE is pleased to launch a reporting platform for corporate bonds. Members are advised to report the transactions in corporate bonds as per the following guidelines –

  • Members are provided with a facility to report transactions in corporate bonds.
  • Members shall report all transactions executed on their own behalf and also on behalf of their clients.
  • Members shall report the transactions through the NEAT WDM system in the negotiated book.
  • Corporate bonds - Corporate bonds for this purpose shall be the debt securities listed on the NSE.
  • Value - All transactions in corporate bonds of the value of Rs. 1 lakh or above and in multiples thereof must be reported.
  • Time - The transactions shall be reported within 30 minutes of closing the deal.
  • Settlement - Since the platform is purely for reporting purposes, the stock exchange shall have no role or liability for settlement of these trades. The intermediaries/contracting parties shall settle the trades bilaterally. The information on settlement shall be reported by the parties involved in the transaction within 1 trading day from completion of the settlement.
  • Market timings – Market timings shall be from 10.00 a.m. to 5.45 p.m. on all trading days.

 

This circular shall be effective from March 06, 2007.

 

For clarifications, please contact Mr. Michael D’Souza / Mr. S. Subramanian on 26598285 / 87.

 

Yours faithfully,

For National Stock Exchange of India Ltd.

 

          -sd/-

 

Authorised Signatory