Central Banking

RBI launches new trading system

The Reserve Bank of India (RBI) is set to launch electronic anonymous screen-based trading in government securities on the Negotiated Dealing System (NDS).

"In respect of transactions put on NDS for settlement on behalf of gilt account holder, currently novation does not happen (unless gilt account holder delegates such required powers to the CSGL party to "Novate" all such contracts) with CCIL. Now, on the new platform, NDS members will actually perform broking activities. RBI may have to pe

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