 "RBI")
The Reserve Bank of India (RBI) on Tuesday said all over-the-counter credit default swaps (OTC-CDS) transactions should be reported within 30 minutes of the transactions to the trade repository, clearly marking the purpose of the transaction, whether it’s for hedging or not.
The trade repository will be run by the Clearing Corporation of India Ltd. (CCIL).
"In case a market participant assigns a CDS contract to any other market participant, the market-maker in the assigned contract shall report such assignment to the trade repository of CCIL," the RBI said in a draft guideline on CDS released on its website.
Participants
