Current Affairs · Banking & Financial Regulation
In an effort to expand interest rate derivative instruments and deepen the government securities (G-Secs) market, the Reserve Bank of India (RBI) has introduced forward contracts designed to help long-term investors manage interest rate risks. As part of this initiative to boost retail investor participation, the RBI has modified access norms for secondary market trading. Which of the following combinations correctly identifies the newly permitted market participants, the regulatory body they must be registered with, and the specific electronic platform they can now access?
- 1Non-bank brokers; Securities and Exchange Board of India (SEBI); Negotiated Dealing System - Order Matching (NDS-OM)✓
- 2Primary dealers; Reserve Bank of India (RBI); Clearcorp Repo Order Matching System (Chroms)
- 3Insurance companies; Insurance Regulatory and Development Authority of India (IRDAI); Tri-Party Repo (Treps)
- 4Non-bank brokers; Reserve Bank of India (RBI); Clearcorp Repo Order Matching System (Chroms)
Correct answer
Non-bank brokers; Securities and Exchange Board of India (SEBI); Negotiated Dealing System - Order Matching (NDS-OM)
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