Media Release

BSE Launches New Debt Segment

Mumbai, March 20, 2014: Honourable Finance Minister Shri P.Chidambaram, in his 2013 budget speech had announced the intention of the Government to create a dedicated debt segment on Stock Exchanges. Subsequently, the Securities and Exchange Board of India (SEBI) vide its circular dated January 24, 2013, entrusted the responsibility of setting up this dedicated debt segment to all Exchanges. Pursuant to the said guidelines, BSE is pleased to announce the launch of BSE New Debt Segment (BSE NDS) with effect from March 20, 2014. In accordance with SEBI circular CIR/MRD/DP/27/2013 dated September 12, 2013 specifying Risk Management Framework for dedicated debt segment, BSE NDS provides settlement on T+1 basis in this segment with two type of market namely Retail Market and Institutional Market.

The Retail Market provides all publicly issued coupon bearing corporate bonds listed on BSE and which shall be settled on T+1 basis with settlement guarantee. The Exchange has enabled more than 175 bonds with outstanding issue size of Rs. 70000 crores.

The Institutional Market has minimum market lot of Rs. 1 crore and all publicly issued corporate bonds and privately placed coupon bearing bonds listed on BSE are enabled on it. As per SEBI circular of September 12, 2013 DVP-3 basis of settlement is enabled on 18 privately placed bonds.

The Exchange has more than 100 Trading Members and Institutional Members registered on BSE NDS. The first trade on this segment at BSE was executed by IDBI Bank Limited and Edelweiss Securities Ltd.

ABOUT BSE Ltd:

BSE (formerly Bombay Stock Exchange Ltd.) – Established in 1875, BSE Ltd. (formerly known as Bombay Stock Exchange Ltd.), is Asia’s first Stock Exchange and one of India’s leading exchange groups and has played a prominent role in developing the Indian capital market. BSE is a corporatized and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Bourse and Singapore Exchange as strategic partners. BSE provides an efficient and transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. BSE also has a dedicated platform for trading in equities of small-and-medium enterprises (SME). BSE provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and education. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market and stimulate innovation and competition across all market segments. Indian Clearing Corporation Limited, the wholly owned subsidiary of BSE, acts as the central counterparty to all trades executed on BSE platform and provides full novation guaranteeing the settlement of all bonafide trades executed on the BSE Platform. BSE Institute Ltd, a fully owned subsidiary of BSE, runs one of the most respected capital market educational institutes in the country. Central Depository Services Ltd. (CDSL), a subsidiary of is one of the two central depository services in India.

For More Information
Yatin Padia – 022 2272 8516 / Ketan Mehta – 022 2272 8321
Marketing Communications
yatin.padia@bseindia.com / ketan.mehta@bseindia.com