Guidelines on Exchange Traded Interest Rate Derivatives - ആർബിഐ - Reserve Bank of India
Guidelines on Exchange Traded Interest Rate Derivatives
RBI/2008-09/217 October 13 , 2008 The Chairman/ Chief Executive Officers Dear Sir, Guidelines on Exchange Traded Interest Rate Derivatives Please refer to the guidelines on Exchange-Traded Interest Rate Derivatives issued vide our circular IDMC.MSRD.4801/06.01.03 dated June 3, 2003. In terms of this circular, banks were permitted to transact in Interest Rate Futures (IRFs) for the purpose of hedging the risk in their underlying investment portfolio. 2. It has now been decided to allow banks to take trading positions also in IRFs. Other provisions of above mentioned circular will continue to remain effective. 3. These guidelines will also be applicable to overseas branches of Indian banks. Yours faithfully, (Prashant Saran) |