Secondary market liquidity is supported by building up issue sizes through reissuances. The consequent rollover risk is managed through active consolidation using buyback/switches. 11. Transparency in supply was enhanced through the introduction of issuance calendars for auctions in G-secs since April, 2002. Auctions are conducted electronically, which ensure transparency as well as efficiency.
It was only in the wake of this painful experience that we set up a robust system for the prevention and management of financial crises. Second, we need to keep a close eye on external events.