The Reserve Bank of India has, today, placed on its website, ‘draft guidelines on introduction of credit default swaps (CDS) for corporate bonds’ for public comments.

The draft report of the Internal Working Group on introduction of CDS for corporate bonds was placed on the Reserve Bank’s website on August 4, 2010 for public comments.  The report as finalised after taking into account public comments is also placed on the Reserve Bank’s website.  Draft guidelines on introduction of single name CDS on corporate bonds have been prepared in the light of suggestions and feedback received.

Comments on the draft guidelines may be forwarded, latest by March 8, 2011, to the Chief General Manager, Internal Debt Management Department, Reserve Bank of India, Central Office Building, 23^rd Floor, S.B.S. Road, Fort, Mumbai 400001 or emailed.

 Alpana Killawala
Chief General Manager

Press Release : 2010-2011/1215