India’s NSE adds three-month rollover 27 May 2015Mumbai Reporter: Mark Dugdale
Image: Shutterstock
India’s National Stock Exchange (NSE) has introduced a rollover facility to boost participation in securities lending and borrowing.
From 26 May, participants could extend deals for up to three months. Borrowers and lenders could only carry positions forward for a month.
In April, the NSE saw 2,446 trades conducted, with 8.52 million shares trading hands.
The Íø±¬³Ô¹Ï and Exchange Board of India (SEBI) introduced the possibility of rollover schemes in November 2012.
SEBI also amended the country’s framework allow authorised intermediaries such as agent lenders and prime brokers to directly enter into agreements with clearing members to facilitate lending and borrowing.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one securities finance news source this
year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Image: Shutterstock 