What are the types of markets available under CBLO segment?
Two types of markets are available to members for trading in CBLOs, viz, CBLO Normal market and the CBLO Auction market. The Normal market is a continuous market where members can borrow and lend on an ongoing basis. The buy and sell orders in this market get executed online in accordance with order matching principles of time and yield priority. Under Normal market, there are two settlement cycles available to members, viz, T+0 and T+1. Under the Auction market, members enter borrow requests in the system during a session exclusively made available to borrowers. These borrow requests are then bid for during the Auction session. These sessions are available daily for a limited time during the day. (Please note that the Auction market is not available to Associate members).
