Payment mechanisms provided by banks can be used for trade settlement on RFQ platform: SEBI
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- By Chetan Kulasri
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- Last Updated on 11 January, 2023
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Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/9, Dated 09.01.2023
Currently, the Stock Exchanges are using Real-Time Gross Settlement (RTGS) channel as a mode of settlement for trades executed on the RFQ platform with respect to listed corporate bonds, commercial paper, and securitised debt instruments. Now, SEBI has clarified that in addition to the existing payment mechanisms, payment mechanisms provided by banks/payment aggregators authorised by Reserve Bank of India, from time to time, may be used for the settlement of trades executed on the RFQ platform.
This circular shall come into force from 09.01.2023
Click Here To Read The Full Circular
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