BANKING GENERAL KNOWLEDGE
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Question
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Foreign Investment Markets and Derivatives Market Association
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Fixed Income Money Markets and Derivatives Association
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Fixed Income and Money Market Development Association
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Floating Income and Money Markets Derivative Assets
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Detailed explanation-1: -FIMMDA stands for The Fixed Income Money Market and Derivatives Association of India (FIMMDA). It is an Association of Commercial Banks, Financial Institutions and Primary Dealers. FIMMDA is a voluntary market body for the bond, Money And Derivatives Markets.
Detailed explanation-2: -The FIMMDA is a voluntary market body for the bond, money and derivatives markets. FIMMDA has members representing all major segments of the bond and derivatives market. The membership includes banks such as the State Bank of India, its associate banks and other nationalized banks.
Detailed explanation-3: -The Fixed Income Money Market and Derivatives Association of India (FIMMDA), an association of Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers and Insurance Companies was incorporated as a Company under section 25 of the Companies Act, 1956 on May 4th, 1998.
Detailed explanation-4: -Our Address 2nd Floor, UNITED INDIA BUILDING, Next to RBI Amar Bldg Monetary Museum, Sir P.M. Road, Fort, Mumbai 400 001.
Detailed explanation-5: -The issue and trading of fixed income securities by each of these entities are regulated by different bodies in India. For eg: Government securities and issues by Banks, Institutions are regulated by the RBI. The issue of non-government securities comprising basically issues of Corporate Debt is regulated by SEBI. 12.