<p>Sebi on Thursday underscored the need for having a unified trading platform for deepening the corporate debt market and said it is working with all stakeholders, including the Reserve Bank, to bring in such a facility.<br /><br /></p>.<p>Just like the government securities has the Clearing Corporation of India (CCIL) platform where reporting and settlement of a transaction takes place, the corporate bond market also requires a unified platform, Sebi Chairman U K Sinha said at a seminar here.<br /><br />"If you want the corporate bond market to develop, we need to have such a platform," he said addressing bond market participants."We are working with the RBI and others, who are concerned with this, on how we can make a unified debt market in this country," he said here at an event organised by ratings agency Crisil.<br /><br />The Sebi chief said that currently India has an over-the-counter platform, one of the exchanges and the third one of the market participants Fimmda where the trading happens.<br /><br /> Underlining the need for integration, Sinha cited the case of commercial papers and certificate of deposits, saying the settlements happens in one particular stock exchange, while the reporting happens somewhere else.</p>
<p>Sebi on Thursday underscored the need for having a unified trading platform for deepening the corporate debt market and said it is working with all stakeholders, including the Reserve Bank, to bring in such a facility.<br /><br /></p>.<p>Just like the government securities has the Clearing Corporation of India (CCIL) platform where reporting and settlement of a transaction takes place, the corporate bond market also requires a unified platform, Sebi Chairman U K Sinha said at a seminar here.<br /><br />"If you want the corporate bond market to develop, we need to have such a platform," he said addressing bond market participants."We are working with the RBI and others, who are concerned with this, on how we can make a unified debt market in this country," he said here at an event organised by ratings agency Crisil.<br /><br />The Sebi chief said that currently India has an over-the-counter platform, one of the exchanges and the third one of the market participants Fimmda where the trading happens.<br /><br /> Underlining the need for integration, Sinha cited the case of commercial papers and certificate of deposits, saying the settlements happens in one particular stock exchange, while the reporting happens somewhere else.</p>