SEBI has directed all SEBI-regulated entities — FIIs,
foreign venture capital investors and mutual funds to shift the clearing and
settlement of the over-the-counter-trades in debt instruments, commercial paper
(CP) and certificates of deposits (CD) to National Securities Clearing
Corporation Ltd and Indian Clearing Corporation Ltd with effect from April 1.
“Debt instruments contribute more than two thirds of the
industry assets under management (AUM). Considering the overall debt AUM as on
January 31 at Rs 4.45 lakh crore, the shift would be significant,” said a CEO
of a mutual fund.
Source: http://www.thehindubusinessline.com/markets/stock-markets/article2964402.ece?homepage=true&ref=wl_home
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