Circular on the introduction of future contracts on Corporate Bond Indices (dated- 10.01.2023) – SEBI
View PdfThe Securities and Exchange Board of India, vide a circular decided to permit Stock Exchanges to introduce derivative contracts on indices of corporate debt securities rated AA+ and above and such stock exchanges shall submit a detailed proposal to SEBI for approval, inter alia, providing details relating to underlying corporate bond index, the index methodology, contract specifications, applicable trading, clearing & settlement mechanism, risk management framework, the safeguards to ensure market integrity, investor protection, surveillance systems, etc. Please refer to the circular for more details
