RBI launches online platform for trading in G-secs

The NDS-OM is an electronic, screen based, anonymous, order driven trading system for dealing in government securities


Mumbai: The Reserve Bank of India (RBI) has introduced Internet-based platform for trading in secondary market of government securities for gilt account holders, reports PTI.

The web-based NDS-OM (Negotiated Dealing System-Order Matching) system module will facilitate buying and selling of government bonds or securities online to the gilt account holders (GAH).

The RBI had introduced the NDS-OM system in August 2005.

The NDS-OM is an electronic, screen based, anonymous, order driven trading system for dealing in government securities.

RBI said the web-based "module permits internet-based direct participation of gilt account holders in secondary market for G-secs."

The newly launched online trading platform is an additional facility to the existing system for trading by GAHs through primary dealers.

RBI further said that the access to the module will be subject to controls by the respective primary dealers.

GAHs are the non-NDS members who have gilt account and current account with the primary dealers.

Non-banking finance companies (NBFCs), provident funds, pension funds, mutual funds, insurance companies, co-operative banks, regional rural banks, trusts and corporates and individuals are the entities permitted by RBI as GAHs.

  • Like this story? Get our top stories by email.


    USDA pegs global coffee output at record 148 million bags in FY13

    World coffee production is estimated at 138 million bags in 2011-12 coffee year (October- September), while that for 2012-13 is forecast at a record 148 million bags

    New Delhi: Global coffee production is expected to rise by 7% to record 148 million bags in 2012-13 coffee year, beginning October 2012, reports PTI quoting the United States Department of Agriculture's (USDA) latest report.

    World production of the brew is estimated at 138 million bags (of 60 kg each) in 2011-12 coffee year (October- September).

    "World coffee production for 2012-13 is forecast at a record 148 million bags, up 10 million bags from the previous year," USDA said.

    Half the gain is attributed to Brazil's Arabica crop entering the on-year of the biennial production cycle, while record Robusta harvests in Brazil and Vietnam are also expected to contribute to the growth, it added.

    According to the International Coffee Organisation (ICO), the production prospects for 2012-13 crop year are considered to be good with significant production increases expected in Brazil in accordance with the biennial cycle for Arabica.

    USDA has pegged production in Brazil at a record 55.9 million bags, up 6.7 million primarily to the Arabica trees entering the on-year of the biennial production cycle.

    Vietnam's production is expected at a record 22.4 million bags, based on a combination of favorable growing conditions and an increase in fruit-bearing area, while, the output in Colombia is forecasted at 7.5 million bags, it added.

    Coffee production in India is pegged at 5.1 million bags and in Indonesia it is forecasted at 9.7 million bags, USDA said.

    In the other major growing areas, production in Central America is expected at 14 million bags and in Sub-Saharan Africa it is pegged to rise by nearly 1 million bags to 17.2 million, with half the gains attributed to Cote d'Ivoire and Ethiopia, it added.

  • Like this story? Get our top stories by email.


    Commodity trends


    World coffee exports declined by nearly 12%, year-on-year (yoy), to 8.77 million bags in April this year, International Coffee Organisation (ICO) has said. For the 12 month period ending April 2012, total coffee shipments were down at 101.99 million bags as against 103.35 million bags in the corresponding period last year. According to ICO, exports in the first half of the...
    Premium Content
    Monthly Digital Access


    Already A Subscriber?
    Yearly Digital Access


    Moneylife Magazine Subscriber or MAS member?

    Yearly Subscriber Login

    Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
  • We are listening!

    Solve the equation and enter in the Captcha field.

    To continue

    Sign Up or Sign In


    To continue

    Sign Up or Sign In



    online financial advisory
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 3 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)
    FREE: Your Complete Family Record Book
    Keep all the Personal and Financial Details of You & Your Family. In One Place So That`s Its Easy for Anyone to Find Anytime
    We promise not to share your email id with anyone