The Clearing Corporation of India Ltd. (CCIL) on March 01, 2024, notified regarding the reporting of Non-Convertible Debentures (NCD) of original or initial maturity up to one year on the FTRAC Platform.
According to RBI Master Direction: RBI (Commercial paper and Non-Convertible Debentures of original or initial maturity up to one year) Directions dated January 03, 2024, all Primary, Secondary, Buyback and Default transactions in NCDs of original or initial maturity up to one year have to be reported to the FTRAC Trade Repository by participants. The said reporting facility will be made available effective from April 01, 2024. The reporting process is similar to that followed for reporting of Commercial Paper transactions on FTRAC.
