BANKING AFFAIRS

Detailed explanation-1: -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-2: -The Negotiated Dealing System (NDS) is a fully electronic trading platform that is instituted and operated by the Reserve Bank of India (RBI) with the mandate of facilitating the issuance and secondary trading of government-issued securities and other types of money market instruments.

Detailed explanation-3: -Securities settlement involves the actual transfer of securities from the seller to the buyer. Put more generally, securities settlement is the transfer of legal ownership in (or other rights related to) securities from one party to another.

Detailed explanation-4: -In this market, a participant who wants to buy or sell a government security may contact a bank / primary dealer/financial institution either directly or through a broker registered with SEBI or negotiates for a certain amount of a particular security at a certain price.