Trade Repository for corporate bonds in India
The corporate bond market in India is largely institutional and OTC-based, with SEBI mandating trade reporting on platforms provided by NSE, BSE, FIMMDA (phased out), and MSEI. A Trade Repository for corporate bonds aims to consolidate trade data, enhancing post-trade transparency and providing valuable information on pricing, yield, volume, maturities, and credit migrations. SEBI's phased implementation covered integration of secondary market data (Phase I) and integration of data across primary and secondary markets (Phase II) to provide a comprehensive view to market participants.
