Trading Rules

Extract of SEBI circular no: CIR/MRD/DP/03/2013 dated: Jan 24, 2013

1. The trading hours shall be from 9:00 hours to 17:00 hours to be in alignment with trading hours of government securities as issued by RBI.
2. The day count convention of Actual/Actual shall be followed for calculating interest rates.
3. The stock exchange shall facilitate availability of price quotes on clean price, dirty price and yield.
4. There shall be no shut period during which trades/ transfers are restricted for payment of interest or part redemptions. For other corporate actions such as redemptions/ put-call options, issuers may choose to specify a shut period.
5. The record date shall be fixed not more than 15 days prior to date of corporate action which shall be displayed on trading terminal by stock exchanges.
6. In case of negotiated trades by members of the debt segment, the trades shall be reported to stock exchange within 30 minutes of the trade.

Download SEBI circular no: CIR/MRD/DP/03/2013 dated: Jan 24, 2013 (.pdf)