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Foreign players to get nod for offshore G-secs: RBI annual report

"This would open up a new channel for non-residents to undertake transactions in central government securities," the RBI Annual Report said

rbi, reserve bank of india
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Anup Roy Mumbai
In its annual report released on Thursday, the Reserve Bank of India (RBI) said it would allow international settlement of central government securities by International Central Securities Depositories (ICSDs) to permit non-residents to transact in central government securities offshore. 

“This would open up a new channel for non-residents to undertake transactions in central government securities,” the annual report said.  ICSDs, such as Clearstream, Euroclear and SIX SIS allow a foreign investor to invest in bonds of country, without going through the local mechanism. Such clearing houses can be linked with domestic clearing agencies and link up with local systems. 

Such a mechanism

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First Published: Aug 29 2019 | 9:37 PM IST

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