NSE launches 'Tri-Party Repo Market' platform for corporate bonds

In the corporate bond market so far, transactions take place on a bi-lateral basis but a trust factor is still lacking

The National Stock Exchange (NSE) has launched a ‘Tri-Party Repo Market’ platform that will give a fillip to the demand for corporate bonds and provide liquidity boost to the debt segment of the bourse.
 
A tri-party repo contract is where a third entity or a tri-party agent, other than the borrower and lender, acts as an intermediary for two parties dealing in repo transactions. NSE will act as the tri-party agent and through an online web-based platform, facilitate trading anonymously and order matching along with services like collateral selection, payment and settlement, custody and management during the life cycle