To promote transparency in corporate debt market, a reporting platform was developed by FIMMDA and it was mandated that all RBI-regulated entities should report the OTC trades in corporate bonds on this platform. Other regulators have also prescribed such reporting requirement in respect of their regulated entities.
This has resulted in building a credible database of all the trades in corporate bond market providing useful information for regulators and market participants. ii. Clearing houses of the exchanges have been permitted to have a pooling fund account with RBI to facilitate DvP-I based settlement of trades in corporate bonds. iii. Repo in corporate bonds was permitted under a comprehensive regulatory framework. iv.