RBI Allows NDS-OM Matching for PM-GAH & Inter-GAH Transactions, Enabling CCIL Settlement
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- By Chetan Kulasri
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- Last Updated on 20 February, 2025
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Circular No. RBI/2024-25/115 FMRD.MIOD.No.15/11.01.051/2024-25, Dated: 17.02.2025
Presently, transactions between a Primary Member (PM) & its own Gilt Account Holder (GAH) & between 2 GAHs of the same PM aren’t permitted to be matched on Negotiated Dealing System – Order Matching (NDS-OM) & are also not cleared and settled through Clearing Corporation of India Limited (CCIL). Now, RBI has permitted matching of transactions between a PM & its own GAH or between 2 GAHs of the same PM on both the anonymous Order Matching segment & the Request for Quote (RFQ) segment of NDS-OM.
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