This is one of the important features of G-sec market in India as not many jurisdictions have central clearing of G-secs let alone central clearing for all cash and repo transactions in G-secs at one place. In fact, there is growing discussion in advanced economies about the need for widespread adoption of central clearing, after recent episodes of market dislocation. 16.
High levels of pre-trade and post-trade transparency are achieved through public dissemination of live orders and all trades being executed on NDS-OM. Trade-wise historical data are available to all. End of day publication of valuations of G-secs by an independent benchmark administrator (FBIL) improves price transparency. Complementary Markets 17. G-sec markets need supporting markets in the form of funding markets and risk markets.