Under the current Reserve Bank of India guidelines, what is the minimum credit rating required for an eligible entity to issue Commercial Paper (CP)?

Which one of the following best describes the functioning of Arbitrage Funds?

SEBI introduced the optional T+0 settlement cycle for equity markets. Consider the following statements: 1. The T+0 settlement mechanism was rolled out on an optional basis for a select set of securities and a limited number of registered brokers in its initial phase. 2. Under T+0 settlement, both funds and securities are exchanged on the same day as the trade, substantially reducing counterparty credit risk. 3. SEBI has made T+0 settlement mandatory for all equity trades in the top 100 securities by market capitalisation effective October 2024. 4. SEBI's strategic objective is to eventually transition to instantaneous (T+0 or near-real-time) settlement for all capital market participants. Which of the above statements is/are correct?