Such reporting arrangements have, subsequently, been extended to other important segments of OTC market and, currently, cover transactions in corporate bonds (both outright as well as repo), CPs, CDs, call/notice money and interbank rupee interest rate derivatives. The recently permitted CDS transactions also are proposed to be reported to the trade repository to be set up for this purpose.
Has the industry deliberated how collaboration and co-operation could be achieved in the three party model to increase the scale and volume of transactions? Arriving at a consensus on these issues will increase the acceptability amongst the customers as they will have a wider choice of PPIs and will help achieve the objective of increasing the cashless transactions.