GOVERNMENT SECURITIES TRANSACTIONS BETWEEN A PRIMARY MEMBER (PM) OF NDS-OM AND ITS OWN GILT ACCOUNT HOLDER (GAH) OR BETWEEN TWO GAHS OF THE SAME PM

MUMBAI, India, Feb. 17 -- Reserve Bank of India issued the following notification:

RBI/2024-25/115

FMRD.MIOD.No.15/11.01.051/2024-25

February 17, 2025

To

All participants in Government Securities market

Madam/Sir,

Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM

Transactions in Government securities in the Over the Counter (OTC) market are currently undertaken either on Negotiated Dealing System - Order Matching (NDS-OM) platform or are bilaterally negotiated outside the system and subsequently reported on NDS-OM. All transactions matched on NDS-OM platform are cleared and settled through the Clearing Corporation of India Limited (CCIL...