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Significant developments in the Government Securities market

    IndianMoney.com Research Team | Saturday, April 18,2009, 07:12 PM
 

Following are the important developments in the G-Securities market after1990

  • Introduction of auction based price determination
  • Development of the RBI’s yield curve for marking to market the G-securities portfolios of the banks
  • Introduction of the system of primary dealers
  • Creation of Wholesalers Debt Market segment on the National Stock Exchange the first formal mechanism for the G-securities.
  • Introduction of DVP (delivery versus payment) for settlement
  • Increase in the number of players in the G-securities market with the facility for non-competitive bidding in auctions
  • Establishments of gilt-oriented mutual funds
  • Re-emergence as an instrument of short term liquidity management
  • Phenomenal growth in the volume of secondary market transactions in G-securities.
  • Emergence of self regulating bodies such as the primary Dealers Association of India (PDAI) and Fixed Income and Money Market Dealers association (FIMMDA).

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

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