RBI/2011-12/386
IDMD.PCD. 18/14.03.07/2011-12
February 6, 2012
All market participants
Dear Sir/Madam
Secondary market transactions in Government Securities - Short Selling
Please refer to circular IDMD.PCD.14/14.03.07/2011-12 dated December 28, 2011 on the captioned subject.
2. In this regard, the monthly report on short selling has been modified to capture the changes in the regulatory limits during the month (due to change in the outstanding amount of the G-Sec and/or its benchmark status) and the same is enclosed as Annex. Further, the monthly report (soft copy and duly certified hard copy) shall be submitted to the Financial Markets Department by 8th of every month.
3. All other terms and conditions contained in the aforementioned circulars remain unchanged.
Yours faithfully
(K K Vohra)
Chief General Manager
Annex
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Monthly reporting of Short Sale transactions in GoI Securities
Report for the month of _____________ |
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Name of the bank/PD: ______________________ |
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Security: ______________________ |
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Sl.
No. |
Trade Date |
Short position at the beginning of the day |
Securities Short Sold during the Day |
Short position covered through |
Short position at the end of the day |
Maximum short position during the day |
Regulatory limit |
NDS-OM |
WI |
NDS |
Primary auction |
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# 0.25% and 0.50% of the outstanding stock for illiquid and liquid securities respectively. The categorization of liquid/illiquid securities shall be as determined by FIMMDA.
Note: Each security to be tabulated separately; Amounts in Rs. Crore |
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Certified that there were no violations of extant
regulatory guidelines on short sale in G-Sec
[Concurrent / Internal Auditor]
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