.....a/an electronic trading platform, operated by the Reserve Bank of India, used to facilitate the exchange of government securities and other money market instruments.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____a/an electronic trading platform, operated by the Reserve Bank of India, used to facilitate the exchange of government securities and other money market instruments.

A	Delivery versus Payment (DvP)
B	Negotiated Dealing System (NDS)
C	Risk Mitigation
D	Competition Commission of India (CCI)

Explanation:

Detailed explanation-1: -NDS-OM is a screen based electronic anonymous order matching system for secondary market trading in Government securities owned by RBI. Presently the membership of the system is open to entities like Banks, Primary Dealers, Insurance Companies, Mutual Funds etc.

Detailed explanation-2: -The Negotiated Dealing System, or NDS, is an electronic trading platform operated by the Reserve Bank of India (RBI) to facilitate the issuing and exchange of government securities and other types of money market instruments.

Detailed explanation-3: -Characteristics of the NDS Direct members hold accounts directly with the Reserve Bank of India and can settle trades directly through trades on the NDS-OM platform. Indirect members do not hold accounts with the RBI and must settle indirectly through NDS-OM direct members who hold accounts with the Reserve.

Detailed explanation-4: -The NDS-OM is an electronic, screen based, anonymous, order driven trading system for dealing in Government securities. The Reserve Bank owns NDS-OM and CCIL maintains it. The platform is in addition to the existing facility of over-the-counter (OTC) or phone market in Government securities.

There is 1 question to complete.