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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

NSE - Reiteration of SEBI Circular regarding Simplification of operational process and clarifying regarding the cash flow disclosure in Corporate Bond Database pursuant to review of Request for Quote (RFQ) Platform framework

19-May-2025 | NSE/DS/68059

NSE has reiterated the SEBI Circular regarding Simplification of operational process and clarifying regarding the cash flow disclosure in Corporate Bond Database pursuant to review of Request for Quote (RFQ) Platform framework. By virtue of this circular, 1. Clause 9 has been inserted in Chapter XXII of the Master Circular which provides for the provisions regarding Request for Quote (RFQ) platform for trade execution and settlement of trades, which specifies that cash flow dates regarding payment of interest/ dividend/ redemption for the securities traded on RFQ platform for the purpose for yield to price computation shall not be adjusted for day count convention and shall accordingly be based on the due date of payment as per the cash flow schedule and not as per the date of payment. 2. Para 57 has been inserted in Annex-XIV-A of the Master Circular which provides the list of data fields to be submitted by issuer to depositories at the time of allotting of ISIN. The Para specifies the format in which the detailed cash flow schedules regarding the interest, dividend, and redemption in the centralized corporate bond database at the time of activation of ISIN, has to be submitted. 3. The said Circular is effective from 18th August 2025. Kindly refer to the attached document for more information.

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