Sebi issues guidelines for separate debt segment on bourses
PTI: Mumbai, Jan 25 2013, 16:48 IST
willing to set up debt segment is required to make an application with Sebi providing operational, regulatory and any other necessary details.
Sebi said minimum capital deposit required to be maintained by a stock broker for trading in the debt segment would up to Rs 50 lakh.
"With the view to infuse liquidity in the market, market makers shall be permitted in the debt segment. Market making may be provided by merchant bankers, issuers through brokers or any other entity as may be specified," it said.
The debt segment has to list all the securities and debt instruments and has offer electronic, screen-based trading system.
As per Sebi, the trading facility for the bond market can make use of access methods such as internet and mobile trading. Further, the segment should have separate trading platforms for retail as well as institutional players.
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