Guidelines on Exchange Traded Interest Rate Derivatives
DBOD.BP.BC. No.34 /21.04.157/2009-10
The Chairmen/ Chief Executive Officers
All Commercial Banks
(excluding RRBs and LABs)
Dear Sir,
Guidelines on Exchange Traded Interest Rate Derivatives
Please refer to our circular DBOD.BP.BC.No.56/21.04.157/2008-09 dated October 13, 2008 permitting banks to take trading positions also in Interest Rate Futures (IRFs).
2. In this connection, it is clarified that banks are not allowed to undertake transactions in IRFs on behalf of clients...
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