RBI Widens Access to NDS-OM, Allowing Direct Transactions Via SGL Accounts for New Financial Entities
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- Last Updated on 21 October, 2024
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Circular No. RBI/FMRD/2024-25/124 FMRD.MIOD.No.04/11.01.041/2024-25; Dated: 18.10.2024
RBI has widened direct access to its Negotiated Dealing System-Order Matching (NDS-OM) electronic trading platform to a broader set of regulated entities (REs) including RRBs, local area banks, NBFCs (including housing finance companies). Direct access means access to NDS-OM, where an entity that is a party to a transaction directly executes/reports the transaction on/to the platform, and such transactions are settled in its own Subsidiary General Ledger (SGL) account.
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