These bodies have served as crucial layers between the regulator and market and have contributed to developing new benchmarks and products besides providing training and development support to participants. They have formulated guidelines for dispute resolution mechanisms and are also involved in the process of developing standard practices and codes of conduct.
Both PDAI and FIMMDA are represented in the Technical Advisory Committee (TAC) of the Reserve Bank of India on Government Securities and Money Markets. FIMMDA is involved in the task of valuation of all Central Government Securities. The daily yield curve based on benchmark Central Government bonds is fast emerging as an accepted benchmark to price securities.