The Reserve Bank of India (RBI) on February 17, 2025, issued a notification regarding Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM.
The following has been stated: -
•The Reserve Bank of India has decided to permit matching of transactions between a Primary Member (PM) and its own Gilt Account Holder (GAH) or between two GAHs of the same PM on both the anonymous Order Matching and RFQ segments of NDS-OM, with clearing and settlement through CCIL.
•Bilateral transactions reported to NDS-OM will also be eligible for clearing and settlement through CCIL on an optional basis.
•Any settlement failures will be treated as ‘SGL bouncing’ and subject to penalties. Further operational guidelines will be issued by CCIL.
The detailed notification is given in the document below.
[Notification No. RBI/2024-25/115 FMRD.MIOD.No. 15/11.01.051/2024-25]
