Is it mandatory to report trades concluded over phone etc through the NDS ?
One of the basic objectives of NDS is dissemination of on-line price information of transactions in government securities and money market instruments. In order to achieve this objective, transactions not concluded over NDS will have to be necessarily reported through the NDS. 2.18. Will the names of the concluding parties (buyer and seller) be disclosed to the market. No, identity of the parties will not be disclosed to the market. Only the vital information of a transaction viz., ISIN of the security, nomenclature, amount (face value), price/rate and/ or indicative yield, in case applicable, will be disseminated to the market, through Market and Trade Watch.
