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INDIAN DEBT MARKET AND OVER THE COUNTER EXCHANGE OF INDIA (OTCEI )

INDIAN DEBT MARKET AND OVER THE COUNTER EXCHANGE OF INDIA (OTCEI ). PRESENTATION BY VIJAY VORA Chartered Accountant. INTRODUCTION TO DEBT MARKET. FINANCIAL MARKET TOTAL SIZE OF MARKET- GLOBAL AND NATIONAL USD $47TRILLION GLOBAL MARKET NEARLY USD $200BILLION- INDIAN MARKET-30%OF GDP

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INDIAN DEBT MARKET AND OVER THE COUNTER EXCHANGE OF INDIA (OTCEI )

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  1. INDIAN DEBT MARKET ANDOVER THE COUNTER EXCHANGE OF INDIA (OTCEI ) PRESENTATION BY VIJAY VORA Chartered Accountant

  2. INTRODUCTION TO DEBT MARKET • FINANCIAL MARKET • TOTAL SIZE OF MARKET- GLOBAL AND NATIONAL • USD $47TRILLION GLOBAL MARKET • NEARLY USD $200BILLION- INDIAN MARKET-30%OF GDP • CONSIST OF PRIVATE CORPORATE DEBT MARKET, PUBLIC SECTOR UNDERTAKING BOND MARKET AND GOVERNMENT SECURITIES MARKET • BANK AND INSTITUTIONAL PLAYERS • DEBT MARKET PLAYS SIGNIFICANT ROLE IN EFFICIENT MOBILISATION AND ALLOCATION OF RESOURCES , FINANVING THE DEVELOPMENT ACTIVITIESOF GOVT. SIGNALS TO MONETARY POLICY , LIQUIDITY MANAGEMENT • ACHIEVEING INDUSTRIAL AND INFRASTRUCTURE GROWTH

  3. REGULATION OF DEBT MARKET • RBI REGULATESTHE GOVT.SECURITIES MARKET AND MONEY MARKET WHILE DEBT MARKETCOMES UNDER THE PURVIEW OF SECURITIES EXCHANGE AND BOARD OF INDIA ( SEBI ) • LINK BETWEEN MONEY MARKET AND DEBT MARKET • CHARACTERISTICS OF DEBT MARKET • COMPETITIVE MARKET • LOW TRANSACTION COST • STRONG AND SAFE MARKET INFRASTRUCTURE • GREATER FUNDS AVENUES • UNLOCKING UNPRODUCTIVEINVESTMENT LIKE GOLD , AND DEVELOPING ASTABLE YIELD CURVE. • QUOTED AND UNQUOTED MARKET

  4. PARTICIPANT IN DEBT MARKET • CENTRAL AND STATE GOVERNMENT • PRIMARY DEALERS • PUBLIC SECTOR UNDERTAKING • CORPORATES • BANKS AND FINANCIAL INSTITUTIONS • MUTUAL FUNDS • INSURANCE COMPANIES • FOREIGN INSTITUTIONAL INVESTORS (FIIs ) • Provedent funds and Pension funds • CHARITABLE INSTITUTIONS AND TRUSTS

  5. VARIOUS TYPES OF DEBT INSTRUMENTS • GOVERNMENT SECURITIES zero coupon bonds , treasury bills coupon- bearing bonds , strips • PUBLIS SECTOR BONDS government guaranteed bonds , debentures , PSU Bonds , and commercial papers , deep discount bonds • PRIVATE SECTOR BONDS private debentures , bonds , COMMERCIAL PAPER , floating rate bonds , zero coupon bonds , intercorporate deposits , certificate of deposits

  6. GUIDELENE FOR ISSUE OF DEBT INSTRUMENTS • CREDIT RATING FOR DEBT INSTRUMENTS • DEBENTURE TRUSTEE - APPOINTMENT , TRUST DEED , TRUSTEE POWERS , CERTIFICATE , TRUSTEE DUTY • DEBENTURE REDEMPTION RESERVE ( DRR ) • DISTRIBUTION OF DIVIDEND AND PERMISSION • CREATION OF CHARGE • CONVERSION CONCEPT • LETTER OF OPTION • ROLL OVER OF CONVERSION OF NCD AND PCD • CONVERSION OF INSTRUMENTS INTO EQUITY CAPITAL • OTHER REQUIREMENTS AND ADDITIONAL DISCLOSURES • DEMATERIALISATION OF DEBT SECURITIES – NSDL AND CDSL • PRIMARY AND SECONDARY MARKETS FOR DEBT INSTRUMENTS – LISTINGS – BSE AND NSE STOCK EXCHANGES • CONCEPT OF SECURITISATION AND SPV

  7. OVER THE COUNTER EXCHANGE OFINDIA ( OTCEI ) • CONCEPT AND SALIENT ISSUES • MEANT FOR SMALL SIZE AND SMALL COMPANIES • OTCEI V/S OTHER STOCK EXCHANGES • OVER THE COUNTER CONCEPT AND ACTIVITIES • NEED AND OBJECTIVES • SPECIAL FEATURES - nation wide trading , compulsory investor registration , ring less trading transperant computerised trading , exclusive listing , liberlised approach , closeness to investors , authorised dealers , price display , greater liquidity trading for unlisted companies permitted by SEBI , trading in Derivatives , ready information , instant execution of orders , MOU with NASDAQ USA , technology , faster transfer , trading services ,

  8. BENEFITS TO LISTED COMPANIES AND INVESTORS • TO LISTED COMPANIES : negotiability , fixation of premium for shares , saving in cost , no take over threats , large excess • TO INVESTORS : SAFETY FOR INVESTORS , tranperancy , liquidity , appraisal , access , transfer of shares in 7 days , allotment within stipulated period , other benefits for derivative markets , future and option • SECURITIES LISTED , EQUITY SHARES , LISTED DENT INSTRUMENTS , GILTS , PERMITTED SECURITIES , LISTED MUTUAL FUNDS • CONCEPT OF SPONSORSHIP • MEMBERSHIP CRITERIA , ADMISSION ,REGISTRATION , • TRADING MECHANISM , DOCUMENTATION , TRANSFER , SECURITY , RISK FACTORS , SETTLEMENT

  9. THANKS FOR QUIET HEARING • YOU MAY CONTACT ME • AT MY E-MAIL ID • vijayca2020@gmail.com

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