Corporate bond reporting platform from 1st January 2007
Securities and Exchange Board of India (SEBI) has decided that Bombay Stock Exchange Limited would set up
and maintain a corporate bond reporting platform to capture all information related to trading in corporate bonds as accurately and as close to execution as possible with effect from January 1, 2007.
1. The term ‘Corporate Bonds’ for this purpose shall include all listed debt
securities issued by institutions such as Banks, Public Sector Undertakings,
Municipal Corporations, bodies corporate and companies.
2. All issuers, intermediaries and contracting parties shall be granted access
to the corporate bond reporting platform for reporting of trades. Where
transactions are executed through the intermediary, reporting responsibility
shall lie with the intermediary. If executed otherwise, reporting will be made
either through an authorized intermediary or directly by the contracting
3. All transactions in corporate bonds of the value of Rs.1,00,000 or above are
required to be reported to the corporate bond platform. The transactions
shall be reported within 30 minutes of closing the deal. The information on
settlement shall be reported by the parties involved in the transaction within
1 trading day from completion of the settlement.
4. The Bombay Stock Exchange Limited (BSE) shall ensure that the
Corporate Bond Reporting platform for the purpose shall be available from
10.00 am to 5.30 pm on all trading days.
5. The access to the platform for the purpose of reporting will be given to all
market intermediaries who approach BSE for the purpose. The connectivity
to the non-members of the Exchange would be enabled through Virtual
Private Network (VPN).
6. The BSE shall populate the data reported on their platform on their website
on a real time basis for information of investors/public.
7. Since the platform is purely for reporting purposes, the stock exchange
shall have no role or liability for settlement of these trades. The
intermediaries/ contracting parties shall settle the trades bilaterally.
8. Issuers are required to disclose/ update regularly all material information
such as rating obtained on the instruments and the rating migrations as and
when they take place, record date, reasons for record date, put/call option
dates, units exercised under put/call option etc, failing which action may be
initiated against the issuer and/or its directors/promoters.
1. The reporting shall be made for all trades in listed debt securities issued by
all institutions such as Banks, Public Sector Undertakings, Municipal
Corporations, bodies corporate and companies.
2. The reporting of trades in Corporate Bonds shall be made by all person(s)
dealing in such corporate bonds irrespective of whether they are SEBI
registered intermediaries or otherwise.
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