RBI instructed all their regulated entities to report all secondary market transactions in the above two segments on the reporting platforms maintained by any of the three Exchanges wef 1st April 2014 .
We refer to our circulars FIMCIR/2013-14/45 dated 05th March 2013 and FIMCIR/2013-14/47 dated 21st March 2014 and FIMCIR/2013-14/48 dated 24th March 2014.
RBI vide their IDMD circular dated 24-Feb-2014 directed its regulated entities to report their OTC trades in Corporate Bond and Securitized Debt Instruments on any of the stock exchanges (NSE , BSE, MCX – S X) w.e.f April 01,2014.
SEBI vid their Circular CIR/MRD/DP/10/2014 dated 21-March-2014 directed all stock exchanges to put in place necessary system for implementation of the circular.
Vide our circular dated 21st March-2014 and 24th March 2014 we advised all F-TRAC members to get themselves registered with any of the three stock exchanges of their choice for reporting the above deals on their platforms. We also provided links to the registration procedure of the respective exchanges. We understand that the exchanges have also sent mails to the F-TRAC members in this regard.
We wish to advise all the F-TRAC members that effective 2nd April 2014 (1st April being a holiday under the Negotiable Instrument Act) they will not be able to log in to FTRAC system for reporting secondary market transactions relating to Corporate Bond & Securitized Debt instruments. M/s CDSIL is being advised to block any log in for the above segments.
FTRAC members are request to register themselves with any of the exchanges for reporting of these transactions to their reporting platforms. We have annexed the registration formalities of all the tree exchanges will our letter dated 21st march 2014 (available on our Website).
The Contact details of the exchanges as under;
The platform will function for reporting of the deals in Corporate Debt Repo, Certificate of Deposits and Commercial Papers till further instructions / Regulatory advise.
This may kindly be treated as final notice to all FTRAC members on the non-availability of FTRAC platform for reporting of OTC trades in Corporate Bonds and Securitized Debt Instruments with effect from 02-April-2014