how do u find this presentation

  • excellent

    Votes: 0 0.0%
  • good

    Votes: 0 0.0%
  • average

    Votes: 0 0.0%
  • poor

    Votes: 0 0.0%

  • Total voters
    0
  • Poll closed .

waquarahmad

New member
hi friends
this is a presentaation on call money market
it will be very helpful to u
 

Attachments

  • call money 121.ppt
    300.5 KB · Views: 98

premkunj.ima

New member
What is 'Negotiated Dealing System'?
Negotiated Dealing System (NDS) is an electronic platform for facilitating dealing in Government Securities and Money Market Instruments.
NDS will facilitate electronic submission of bids/application by members for primary issuance of Government Securities by RBI through auction and floatation. The system of submission of physical SGL transfer form for deals done between members will, on implementation of NDS, be discontinued. NDS will also provide interface to Securities Settlement System (SSS) of Public Debt Office, RBI, thereby facilitating settlement of transactions in Government Securities including treasury bills, both outright and repos.
2.2. Who can be members of NDS?
NDS will use INFINET, a closed user group network as communication backbone. Hence, membership to the NDS is restricted to members of INFINET. Membership of INFINET entails holding SGL and/or Current Account with RBI or as may be prescribed from time to time.
2.3. Will physical SGL forms continue to be used in the context of NDS being operational?
Yes, the physical SGL forms will continue to be used exclusively for settlement of trades between a member and non-member to the NDS. Once the NDS is fully operational, RBI may consider discontinuing physical SGL transfer form for settlement purposes in SGL accounts.
2.4. Can a deal once entered in the system be revoked?
Once the settlers' approvals have been accorded to the deal, the deal can not be revoked from the system. However, prior to the settlers' approval, either the dealer or the settler of the dealing member can reject the deal entered into the system.
2.5. What options will be available to the members for revoking fully the accepted deals?
In this phase, once the setters’ approve the deal, it can not be cancelled. In next phase when NDS is integrated with Securities settlement subsystem, provision for cancellation of a deal, if agreed to by both parties (seller/buyer) of the deal, has been made before the date of settlement. However, this would have to be done within a specified time frame i.e. prior to settlement date. On the date of settlement, it is not possible to cancel a deal.
2.6. 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?
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).
 
It is very hard yet very easy topic, here is the definition which will provide more in depth knowledge about it.

DEFINITION of 'Call Money'
Money loaned by a bank that must be repaid on demand. Unlike a term loan, which has a set maturity and payment schedule, call money does not have to follow a fixed schedule. Brokerages use call money as a short-term source of funding to cover margin accounts or the purchase of securities. The funds can be obtained quickly.
 
Top