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 data repository for the general public at giant and is accessible freed from value,” SEBI stated in a press release.
This database is anticipated to boost transparency and facilitate knowledgeable decision-making amongst traders and different market members. It is going to 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 selections.
The portal permits traders to entry detailed threat assessments, company bond paperwork, and disclosures, enabling them to guage alternatives successfully.
The platform standardises company bond-related information, lowering data asymmetry and enhancing market belief.
SEBI stated the primary part of Bond Central went dwell on Thursday, and based mostly on stakeholder suggestions, extra options can be added on an ongoing foundation.
