DBOD.No. FSC. BC. 96/24.76.002/98
September 21, 1998
Bhadra 30, 1920 (Saka)
The Chairmen/Chief Executives
of all Commercial Banks
Dear Sir,
Ready Forward Transactions
Please refer to our circular
DBOD. No. FSC. BC. 92/24.76.002/98 dated September 7, 1998 on the above
subject.
2. Reserve Bank of India in
consultation with the Government of India has now approved the following two
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.
11.98 per cent Government Stock,
2004
12.25 per cent Government Stock,
2008
3. A directive DBOD. No. FSC.BC.
95/24.76.002/98 dated September 21, 1998 issued in this regard is enclosed.
Yours faithfully
(Radhe Shyam)
Additional Chief General Manager