Further, there is a need for a debate on creation of a separate agency/institution to promote market making in corporate bonds, on the lines of institutions established to promote government securities market.
Credit derivatives In the context of development of the corporate bond market and promoting infrastructure funding, CDS has been introduced with all safeguard, such as, not allowing naked CDS for the users, mandating position limits for the market makers, compulsory reporting of transactions to the trade repository in CCIL, etc. and high expectations.