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Context
Background
LPCC
Decoding Repo
Types of Repo Market Operating in India
What is typically known as ‘Repo market in India’ is the repo market based on sovereign securities. It has got actually three different functional segments:
An efficient Repo Market,
Aim of SEBI’s dispute resolution mechanism for Limited Purpose Clearing Corporation (LPCC)
The Mechanism
CLEARING PARTNERS/MEMBERS: DEFINITION, MEANING & BASICS In stock exchanges, there are different types of clearing partners or members who help clear and settle transactions in securities. The Clearing Member performs the following functions:
There are several categories of Clearing Members. Trading Member Clearing Member: This is a clearing member who is also a trading member. They clear and settle their own proprietary trades, their clients' trades as well as trades of other trading members and custodial participants Professional Clearing Members: These members are not trading members, however they clear trades of clients. PCMs are typically banks, custodians etc. Self-Clearing Members: They are also trading members but clear and settle only their proprietary trades and their clients' trades. The stock exchanges have eligibility norms for all clearing members. |
The new framework would come into force with immediate effect.
PRACTICE QUESTION Q. With reference to Indian economy, consider the following: 1. Bank rate 2. Open market operation 3. Public debt 4. Public revenue Which of the above is/are component/components of Monetary Policy? 1 only 2, 3 and 4 1 and 2 1, 3 and 4 Answer Option 3: 1 and 2 |
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