SENSEX NIFTY
Feb 23, 2011, 02.59 PM IST | Source: Reuters

RBI releases draft norms on CDS in corp bonds

The Reserve Bank of India on Wednesday released draft guidelines on the introduction of credit default swaps (CDS) for corporate bonds.

RBI releases draft norms on CDS in corp bonds

The Reserve Bank of India on Wednesday released draft guidelines on the introduction of credit default swaps (CDS) for corporate bonds.

The guidelines said CDS shall not be written on securities with maturity of up to one year such as certificates of deposits, commercial papers, etc.

The report also said the central bank was in favour of CDS being written on unlisted but rated bonds of infrastructure companies with a view to providing a fillip to infrastructure financing.

ADS BY GOOGLE

video of the day

Indian economy to see real turnaround in 6 mths: Madhu Kela

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.