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Mode of settlement for trades executed on the Request for Quote (RFQ) platform - SEBI - SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/9

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..... t Securities and Commercial Paper’ has permitted stock brokers registered under the debt segment of the Stock Exchange(s) to place/ seek bids on the RFQ platform on behalf of client(s), in addition to the existing option of placing bids in a proprietary capacity. 2. Further, SEBI vide circular no. SEBI/HO/DDHS/P/CIR/2022/00144 dated October 28, 2022 on ‘Reduction in denomination for debt securities and non-convertible redeemable preference shares’ inter-alia modified the face v .....

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Mode of settlement for trades executed on the Request for Quote (RFQ) platform - SEBI

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..... chanisms other than RTGS provided by banks/ payment aggregators can be permitted for settlement of trades executed on the RFQ platform. 5. It is clarified that, in addition to the existing payment mechanisms, payment mechanisms provided by banks/ payment aggregators authorised by Reserve Bank of India, from time to time, may be used for settlement of trades executed on the RFQ platform. 6. The Stock Exchanges and Clearing Corporations are directed to: 6.1. put in place necessary infrastructure f .....

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Mode of settlement for trades executed on the Request for Quote (RFQ) platform - SEBI

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