All SGL/CSGL Account holders
Participation of Foreign Portfolio
Investors (FPIs) in Government securities on NDS-OM platform
In terms of RBI circular FMRD.DIRD.06/14.03.007/2014-15 dated March 20, 2015,
FPIs are currently permitted to transact in the Over-The-Counter (OTC) market
for Government securities with T+2 settlement.
2. As announced in paragraph 36 of
the First Bi-monthly Monetary Policy Statement
for the year 2016-17 on April 5, 2016, it has been decided to allow
FPIs to trade Government securities in the secondary market through the
primary members of NDS-OM including the Web-module. The primary members of
NDS-OM shall be responsible for settlement of the trades, which will be on
T+1 basis. This facility will become available with effect from December 1,
3. The existing OTC route with T+2
settlement shall continue to be available to FPIs and subject to review.
4. All other terms and conditions
prescribed in the circular, ibid, remain the same.
Chief General Manager