Risk Management and Inter-Bank Dealings
The Reserve Bank of India has issued a Master Direction for commercial paper and non-convertible debentures with original or initial maturity up to one year.
Facilities for Persons Resident in India and outside India
The direction provides definitions and guidelines for authorised dealers, exchanges, and persons resident in India and outside India.
Facilities for Authorised Dealers Category-I
The direction outlines guidelines for management of banks’ assets-liabilities, including:
- Users: Banks and financial institutions
- Purpose: Asset-liability management
- Products: Commercial paper and non-convertible debentures
- Operational Guidelines and Terms and Conditions
The direction also provides guidelines for hedging of gold prices, including:
- Users: Banks and financial institutions
- Purpose: Risk management
- Products: Gold-related derivatives
- Operational Guidelines and Terms and Conditions
Chat with the Master Direction: