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OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development

Dayanand Arora and Francis Rathinam ()

Working Papers from eSocialSciences

Abstract: The paper seeks to prove the point that the Indian OTC derivatives markets, unlike many other jurisdictions, are well regulated. Only contracts where one party to the contract is an RBI regulated entity are considered legally valid in India. A good reporting system and a post-trade clearing and settlement system, through a centralised counter party, has ensured good surveillance of the systemic risks in the Indian OTC market. [ICRIER WP No. 248].

Keywords: Indian; OTC market derivatives; India; post-trade; regulated; RBI; stability; development; Finanacial institutions; regulations; derivatives; over the counter; government policy; research and development; R&D; currency; balance sheet (search for similar items in EconPapers)
Date: 2010-05
New Economics Papers: this item is included in nep-cwa and nep-reg
Note: Institutional Papers
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Related works:
Journal Article: OTC derivatives market in India: recent regulatory initiatives and open issues for market stability and development (2011) Downloads
Working Paper: OTC Derivatives Market in India: Recent Regulatory Initiatives and Open Issues for Market Stability and Development (2010) Downloads
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