Markets regulator SEBI has launched a centralised database portal for company bonds in a bid to create a single, genuine supply of knowledge on such securities.
The portal, Bond Central, has been developed by the On-line Bond Platform Suppliers Affiliation (OBPP Affiliation) in collaboration with Market Infrastructure Establishments (MIIs), which embrace inventory exchanges and depositories.
“The Bond Central goals to create a single, genuine supply of knowledge on company bonds issued in India and is meant as an info repository for the general public at giant and is accessible freed from price,” SEBI stated in a press release.
This database is predicted to boost transparency and facilitate knowledgeable decision-making amongst traders and different market contributors. It will likely be operated by the OBPP Affiliation, a not-for-profit entity supported by MIIs.
Itemizing out the portal’s key options, SEBI stated it’s a unified view of company bonds throughout exchanges and issuers making certain transparency and comparability.
Moreover, traders can examine company bond costs with Authorities Securities (G-Secs) and different fixed-income indices to make higher choices.
The portal permits traders to entry detailed danger assessments, company bond paperwork, and disclosures, enabling them to judge alternatives successfully.
The platform standardises company bond-related information, decreasing info asymmetry and enhancing market belief.
SEBI stated the primary part of Bond Central went dwell on Thursday, and based mostly on stakeholder suggestions, further options can be added on an ongoing foundation.
