What is the listing procedure for G-Secs. in respect of the Retail Debt Market?
• Eligible Securities: All outstanding and newly issued central government securities are eligible to be traded on the automated, anonymous , order driven system of the eligible stock exchange. The Rules, Bye-Laws and Regulations of the Exchange provide for trading in Government securities as all G-secs are deemed to be admitted to dealings on the Exchange from the date on which they are issued as per Bye-Law 22(a) and 22(b) of the Exchange. • Group: The Government securities have been introduced as a new group of securities – “G” Group in the BOLT system. The G-secs are allotted a 6-digit scrip code (in the 800000 series) and a 11 characters alpha-numeric scrip ID. The interpretation for the Scrip IDs of G-Secs. in BOLT is as under: • First 2 characters signify Central Government Security – CG • Next 4 Digits signify the coupon or interest rate of the G-Sec • Next 1 character is a differentiator which would be ‘S’ in case of a normal security and ‘A’ incase there exists another securi
