NSE launches Indian Trade Repository for Corporate Debt

NSE launches Indian Trade Repository for Corporate Debt

The exchange meets union budget announcement for a market wide trade repository

Mumbai: The National Stock Exchange of India (NSE) has launched NSE Trade Repository for Indian corporate debt. The Trade Repository provides consolidated information on Over the counter (OTC) deals in corporate bonds across exchanges. This was outlined in the last union budget and was implemented by NSE after considering the views of the market regulator, SEBI.

Currently, market participants report their OTC deals in corporate bonds on the reporting platform of any one of the stock exchanges.  With the implementation of the Indian Trade Repository by NSE all deals - across exchanges - will be visible as aggregated.

NSE’s corporate bond reporting platform, CBRICS, also offers facility for clearing and settlement of the deals reported on the platform through National Securities Clearing Corporation Ltd (NSCCL). CBRICS is the most popular platform, extensively used by the market participants for reporting and settling the OTC deals in the corporate bonds. About 80% of the OTC trades in corporate bonds are reported and settled on NSE platform. “NSE’s trade repository will provide easy access to information on OTC deals in Corporate debt. This initiative is expected to help in increasing the transparency & liquidity in the Indian OTC corporate bond market.” said Ms. Huzan Mistry, Strategic Business Head – Fixed Income & Currency. The facility was launched on 1 July 2016 (Friday).

About The National Stock Exchange of India (NSE):

In its 20 years of existence, NSE has transformed the capital market, based on technology, innovation, high standards of corporate governance and management practices. NSE's business practices and high level of integrity have earned it the trust of the financial markets worldwide. Besides being a platform of choice for all exchange traded financial products in India, NSE's flagship index, Nifty50 is used extensively by investors in India and around the world as a barometer of the Indian capital markets. Since inception, the exchange has been covered extensively by global media and has won many accolades in recognition of its contribution in reforming the Indian securities market. For more information, please visit: www.nseindia.com

For more details, contact:

Arindam Saha | Head - Editor and Communications Head

asaha@nse.co.in , cc@nse.co.in

Mobile: 09930019202 | 09903036100

Direct: 022 – 2659 8164

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