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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.
The list of
entities, which have signed the multilateral agreement, will be published by
FIMMDA and the Clearing Corporation of India Limited (CCIL) on their websites.
Based on the RBI notification dated
28/04/2016. Please refer www.rbi.org.in in case
of any further clarification………….. Poppy
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