DBOD.No. FSC. BC. 71/24.76.002/97-98
July 8, 1998
Aashadha 4, 1920 (Saka)
The Chairmen/Chief Executives
of all Commercial Banks
Dear Sir,
Ready Forward Transactions
Please refer to our circular DBOD.
No. FSC. BC. 65/24.76.002/ 97-98 dated June 29, 1998 on the above subject.
2. Reserve Bank of India in consultation
with the Government of India has now approved the following three Government
dated securities for the purpose of ready forward contracts, in addition to
the dated securities approved earlier, provided the transactions are effected
at Mumbai and the deals are put through the Subsidiary General Ledger (SGL)
Accounts.
11.55 per cent Government Stock,
2001
11.75 per cent Government Stock,
2003
12.25 per cent Government Stock,
2010
3. A directive DBOD. No. FSC.BC.
70/24.76.002/97-98 dated July 8, 1998 issued in this regard is enclosed.
Yours faithfully
(Shyamala Gopinath)
Additional Chief General Manager