Notification Detail :
As announced in the First Bi-monthly Monetary Policy Statement for 2017-18, it has been decided to allow substitution of collateral (security) by the market participants during the tenor of the term repos conducted by Reserve Bank of India under the Liquidity Adjustment Facility, from April 17, 2017.
2. The securities offered for substitution by the market participants shall be of similar market value based on the latest prices published by the Fixed Income Money Market and Derivatives Association of India (FIMMDA).
3. The facility will be available in the e-kuber portal from Monday to Friday between 9:00 a.m. and 5:00 p.m. on all working days in Mumbai.
4. Market participants facing genuine technical problem on any specific day can submit the security substitution request through e-mail or by fax (no. 022-22630981) before 4:45 p.m.
5. An illustration regarding security substitution is furnished in the Annex.
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