•  The guidelines clearly enunciate the broad principles for undertaking derivative transactions : o  Any derivative structure is permitted as long as it is a combination of two or more of the generic instruments permitted by RBI and  o  Market-makers should be in a position to mark to market or demonstrate valuation of these products based on observable market prices.
Given payment information is derived from commercial information, the latter is more fundamental than the former. Clients' commercial information is the key to better assessing their creditworthiness. In other words, ensuring access to fundamental commercial information enables even nonbanks to gain a competitive advantage in information production, and perform financial intermediation functions.