PR No.191/2009
Scheme for the introduction of Exchange Traded Interest Rate Futures
The Report of the RBI-SEBI Standing Technical Committee on Exchange Traded Interest Rate Futures is placed on the websites of Reserve Bank of India (RBI) and Securities and Exchange Board of India (SEBI). The Report details the scheme for the introduction of Exchange Traded Interest Rate Futures (10-year Notional Coupon-bearing GoI security futures contract), jointly agreed upon by RBI and SEBI.
Eligible exchanges desirous of offering Interest Rate Futures (10-year Notional Coupon-bearing GoI security futures contract) may apply to SEBI after fulfilling the conditions mentioned in the Report.
Mumbai
June 17, 2009