Annexure I Illustrations showing adherence by PDs to Commitments on aggregative bidding in Central Government Securities' issues and to required amount of successful bids [Ref. paragraphs 4(i) and 4(ii) of the Guidelines] 1. A PD has committed to bid aggregatively Rs. 500 crore each in Central Government Dated Securities and GOI Treasury Bills as shown below. The success ratio to be maintained by the PD is 40 per cent each in respect of Dated Govt. Securities and Treasury Bills. Various scenarios in respect of fulfilment of the bidding commitment and the success ratio assuming the bids tendered and the bids accepted will be as under:
| (1) Treasury Bills: | | (Rs. crore) |
| SCENARIOS | (I) | (II) | (III) | Bidding Commitment (a) | 500 | 500 | 500 | Bids Tendered (b) | 600 | 500 | 400 | Bids Accepted (c) | 300 | 200 | 100 | Success Ratio Achieved (c)/(a) | 60% | 40% | 20% | Fulfilment of Bidding Commitment | Yes | Yes | No | Fulfilment of Success Ratio | Yes | Yes | No |
| (2) Dated Government Securities: | | (Rs. crore) |
| SCENARIOS | (I) | (II) | (III) | Bidding Commitment (a) | 500 | 500 | 500 | Bids Tendered (b) | 600 | 500 | 400 | Bids Accepted (c) | 300 | 200 | 100 | Success Ratio Achieved
(c)/(b) if (b) is > or = to (a)
Otherwise (c)/(a) | 50% | 40% | 20% | Fulfilment of Bidding Commitment | Yes | Yes | No | Fulfilment of Success Ratio | Yes | Yes | No |
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