Circular on the introduction of future contracts on Corporate Bond Indices (dated- 10.01.2023) – SEBI

  • 12th, January 2023
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The 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

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