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  • DRM Assignment

    Transféré par

    ShirsenduSarkar
    31 vues1 page
    Under guidelines issued by the Reserve Bank of India, interest rate derivatives were launched on the National Stock Exchange and Bombay Stock Exchange in June 2003. This enabled scheduled commercial banks, primary dealers, and specified financial institutions to hedge interest rate risk in their government securities portfolios by executing futures transactions for a small premium, insuring against unexpected future liabilities. Initially, the RBI decided to allow trading of futures contracts only for notional treasury bills and 10-year bonds.

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    Drm Assignment

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    Drm Assignment

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    Under guidelines issued by the Reserve Bank of India, interest rate derivatives were launched on the National Stock Exchange and Bombay Stock Exchange in June 2003. This enabled scheduled commercial banks, primary dealers, and specified financial institutions to hedge interest rate risk in their government securities portfolios by executing futures transactions for a small premium, insuring against unexpected future liabilities. Initially, the RBI decided to allow trading of futures contracts only for notional treasury bills and 10-year bonds.

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    © All Rights Reserved
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    31 vues1 page

    DRM Assignment

    Transféré par

    ShirsenduSarkar
    Under guidelines issued by the Reserve Bank of India, interest rate derivatives were launched on the National Stock Exchange and Bombay Stock Exchange in June 2003. This enabled scheduled commercial banks, primary dealers, and specified financial institutions to hedge interest rate risk in their government securities portfolios by executing futures transactions for a small premium, insuring against unexpected future liabilities. Initially, the RBI decided to allow trading of futures contracts only for notional treasury bills and 10-year bonds.

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme PPTX, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 1

    Under the guidelines issued by the Reserve Bank, interest rates derivatives have been

    launched in India on National Stock Exchange and Bombay Stock Exchange on June,24,
    2003.
    This has enabled the Scheduled Commercial Banks (SCBs) (excluding Regional Rural
    Banks and Local Area Banks), Primary dealers and specified All India Financial Institutions,
    to hedge the interest rate risk in their underlying government securities portfolio by
    booking a future transaction on payment of a small premium to insure the unexpected
    liability that may arise in future.
    To begin with, it has been decided by RBI to start trading in only two kinds of interest rate
    futures contracts on the following underlying securities
    Notional Treasury Bills
    Notional 10 year bonds (coupon bearing and non-coupon bearing)

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