Saturday, April 30, 2016
F-TRAC – Counterparty Confirmation
It has been decided to allow entities reporting trades on F-TRAC to enter into multilateral agreement drafted by the Fixed Income Money Market and Derivatives Association (“FIMMDA”) for waiving physical exchange of confirmation for the deals in Commercial Papers (CPs), Certificates of Deposit (CDs), Non-Convertible Debentures (NCDs) of original maturity up to one year and repo trades in corporate debt securities, CPs and CDs.
Based on the RBI notification dated 28/04/2016. Please refer www.rbi.org.in in case of any further clarification………….. Poppy