RBI announces Draft Framework on introduction of Tri-Party Repo- (Reserve Bank of India) (11 Apr 2017)

MANU/RPRL/0062/2017

Banking

The Reserve Bank of India, today, released the draft framework on the introduction of Tri-Party Repo. Tri-party repo will enable market participants to use underlying collateral more efficiently and facilitate development of the term repo market in India. Draft directions allow introduction of tri-party repo on both Government securities and corporate bonds. Comments on the draft framework are invited from market participants by May 5, 2017. Comments may be emailed or sent by post to the Chief General Manager, Reserve Bank of India, Financial Markets Regulation Department, Central Office, Main Building, Mumbai - 400001.

Tags : TRI-PARTY REPO FRAMEWORK ANNOUNCEMENT