Current Affairs · Financial Instruments
Consider the following statements regarding India's moves to widen global access to its credit market: 1. Foreign investors can now access Indian corporate bonds using Total Return Swaps (TRS). 2. The approval for certain cross-border derivative expansion was granted by the International Financial Services Centres Authority (IFSCA). 3. TRS arrangements were expanded following developments in India's global bond index inclusion. 4. Global banks like HSBC and Standard Chartered are authorized to offer these international credit derivatives. 5. The scheme is strictly limited to government securities and completely excludes private corporate debt assets. Which of the statements given above are correct?
- 12, 3, 4, and 5 only
- 21, 2, 3, and 4 only✓
- 31, 2, 4, and 5 only
- 41, 2, and 3 only
Correct answer
1, 2, 3, and 4 only
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