Clearing and Settlement of trades in Corporate Bonds through Clearing Corporations

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..... ional Investors/ sub-accounts (through custodians), All Venture Capital Funds and Foreign Venture Capital Investors All Portfolio Mangers, and All Stock Exchanges Dear Sirs, Sub: Clearing and Settlement of trades in Corporate Bonds through Clearing Corporations 1. SEBI vide circulars numbers SEBI/ CFD/DIL/BOND/1/2006/12/12 dated December 12, 2006, SEBI/CBM/ BOND/1/2007/02/03 da .....

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..... imited (ICCL). 3. The provisions of this circular shall be applicable to all corporate bonds traded Over The Counter (OTC) or on the debt segment of Stock Exchanges on or after December 01, 2009. However, the provisions of this circular shall not be applicable to trades in corporate bonds that are traded on the Capital Market segment/ Equity Segment of the Stock Exchanges and are required to be .....

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..... laws, rules and regulations for the implementation of the above decision with effect from December 01, 2009, as may be applicable and necessary. (b) Make necessary arrangements for smooth implementation of this circular. 7. All specified entities are advised to make necessary preparations for implementation of the provisions of this circular. 8. All stock exchanges are advised to bring to .....

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