Introduction of Credit Default Swaps (CDS) for Corporate BondsBy RBI
Wednesday, November 30, 2011
The Reserve Bank of India has decided to implement the guidelines relating to introduction of CDS for Corporate Bonds (www.rbi.org.in/scripts/NotificationUser.aspx?Id=6853&Mode=0) effective December 1, 2011.
It may be recalled that Reserve Bank had issued Guidelines on CDS on May 23, 2011. Though these guidelines were to be effective from October 24, 2011, it was decided on October 20, 2011 that the implementation would be postponed to facilitate putting in place the necessary infrastructure. It has now been observed that the needed infrastructure is ready.
Press Release : 2011-2012/858