Secondary market transactions in Government Securities - Short Selling

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Published on February 06, 2012

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Secondary market transactions in Government Securities - Short Selling

RBI/2011-12/386
IDMD.PCD. 18/14.03.07/2011-12

February 6, 2012

All market participants

Dear Sir/Madam

Secondary market transactions in Government Securities - Short Selling

Please refer to circular IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 on the captioned subject.

2. In this regard, the monthly report on short selling has been modified to capture the changes in the regulatory limits during the month (due to change in the outstanding amount of the G-Sec and/or its benchmark status) and the same is enclosed as Annex. Further, the monthly report (soft copy and duly certified hard copy) shall be submitted to the Financial Markets Department by 8th of every month.

3. All other terms and conditions contained in the aforementioned circulars remain unchanged.

Yours faithfully

(K K Vohra)
Chief General Manager

Annex

Monthly reporting of Short Sale transactions in GoI Securities
Report for the month of _____________

Name of the bank/PD: ______________________

Security: ______________________

Sl. No.	Trade Date	Short position at the beginning of the day	Securities Short Sold during the Day	Short position covered through				Short position at the end of the day	Maximum short position during the day	Regulatory limit
Sl. No.	Trade Date	Short position at the beginning of the day	Securities Short Sold during the Day	NDS-OM	WI	NDS	Primary auction	Short position at the end of the day	Maximum short position during the day	Regulatory limit













# 0.25% and 0.50% of the outstanding stock for illiquid and liquid securities respectively. The categorization of liquid/illiquid securities shall be as determined by FIMMDA. Note: Each security to be tabulated separately; Amounts in Rs. Crore