The contracts would mature in 2027 and are available to entities like banks, primary dealers, mutual funds, insurers, FIIs, corporates and retail investors, for trading on the exchange's platform, MSEI said in a statement today.
"The stock exchange will launch the new IRF contracts on May 16," MSEI said.
An IRF is a contract between a buyer and a seller agreeing to the future delivery of any Interest bearing asset such as government bonds.
IRF contracts are offered under 6 year, 10 year and 13 year maturity buckets, depending on the remaining tenure of the underlying bonds.
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