RBI/2011-12/286
IDMD.PCD.2302/14.03.04/2011-12
November 30, 2011
To All Market Participants
Credit Default Swaps (CDS) for Corporate Bonds-Reporting Platform
A reference is invited to our circular IDMD.PCD.No. 5053 /14.03.04/2010-11 dated May 23, 2011 enclosing the Guidelines on Credit Default Swaps (CDS) for Corporate Bondswherein it was indicated that Market-makers shall report their CDS trades with both users and other market-makers on the reporting platform of CDS trade repository within 30 minutes from the deal time.
2. It is advised that all market makers shall report their CDS trades in corporate bonds within 30 minutes of the trade to the Clearing Corporation of India Limited (CCIL) trade repository CCIL Online Reporting Engine (CORE) beginning December 1, 2011.
Yours faithfully,
(K K Vohra)
Chief General Manager
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