BSE today said it will launch a new debt platform on July 14 to provide ease in reporting and settlement of corporate bonds, government securities, commercial paper and certificate of deposit.
"Exchange is pleased to inform BSE ICDM/E-settle participants and members that a new debt reporting and settlement platform (ICDM) will be launched on July 14, 2016," BSE said in a circular.
The platform for Indian corporate debt market (ICDM) would facilitate online settlement functionalities such as deal confirmation, addition of clients and other related details.
The additional features in the new platform include single system for reporting and settlement, portfolio creation facility as well as single order entry screen for reporting debt securities.
Besides, it would provide for reporting and settlement from same order entry window, rating tracker, trade history and daily market analytical reports.
The modalities of using the system and reporting deals in various debt instruments would remain the same as ICDM, BSE said.
In an earlier circular, the exchange had said market participants can test the new facility from June 28 to July 7.
