Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Currently, SGL forms are being rejected on technical grounds such as clerical mistakes. In the above context what are the scenarios which can result in rejection of a deal over the NDS?

April 26, 2017clerical context Currently forms grounds mistakes scenarios SGL Technical

0

Posted

Currently, SGL forms are being rejected on technical grounds such as clerical mistakes. In the above context what are the scenarios which can result in rejection of a deal over the NDS?

1 Answer

0

Posted

Consistency checks have already been built into the system. Hence there is no reason for rejection of the deals on the above grounds. Deals can however be rejected on grounds of insufficient funds/securities in the trading parties’ accounts with RBI. CCIL, however, will provide settlement guarantee for trades done/reported on NDS in respect of government securities including treasury bills (both repo and outright).