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RBI Announces Draft Framework On Introduction Of Tri-Party Repo

The Reserve Bank of India, today(11-Apr-2017), released the draft framework on the introduction of Tri-Party Repo. Tri-party repo will enable market participants to use underlying collateral more efficiently and facilitate development of the term repo market in India. Draft directions allow introduction of tri-party repo on both Government securities and corporate bonds.

Comments on the draft framework are invited from market participants by May 5, 2017. Comments may be emailed(cgmfmrd@rbi.org.in) or sent by post to the Chief General Manager, Reserve Bank of India, Financial Markets Regulation Department, Central Office, Main Building, Mumbai – 400001.

Ref: RBI Press Release: 2016-2017/2739 Date : Apr 11, 2017

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