Product Specifications

Details Retail Platform Institutional Platform
Securities Publicly Issued Bonds, Government securities Publicly and Non-publicly issued debt instruments
Trading Hours 9.00 am to 5:00 pm 9.00 am to 5:00 pm
Trade matching Order matching on price time priority Order matching on price time priority
Market Lot 1 bond & multiples
Institutional Normal Lot Rs. 5 crores and multiples
Institutional Odd Lot Rs.10 Lakhs and multiples
Tick Size Rs.0.01 (1 paise)
Institutional Normal Lot Rs.0.0001 (1/100 paise)
Institutional Odd Lot Rs.0.0001 (1/100 paise)
Quotation Clean Price in terms of Face Value Clean Price adjusted to Rs. 100
Price range of Debt security +/-1 % of the base price +/-1 % of the base price
Quantity Freeze/ single order limit No. of bonds of FV 10 lakhs
Institutional Normal Lot No. of bonds of FV 25 crores
Institutional Odd Lot No. of bonds of FV 50 Lakhs
Interest Rate – Day Count Convention The day count convention of Actual / Actual shall be followed for calculating accrued interest The day count convention of Actual / Actual shall be followed for calculating accrued interest
Order type/Order book/Order attribute

Regular lot order

Stop loss order

Immediate or cancel

Regular lot order

Stop loss order

Immediate or cancel

Settlement T+1 T+1
Membership All members eligible All members of equity derivatives and currency derivatives segments of the exchange.

The security descriptor for the Debt security shall consist of the following parameters:
 

Security Descriptor Parameters Valid Values
Security Type Market segment (2 digits) + Issuer Type(2 digits) + Bond Type (2 digits) First 2 digits - denotes Market e.g. RD for Retail, IQ for Institutional Normal Lot, OQ for Institutional Odd Lot
3rd & 4th digits - denotes issuer type e.g. CG for central government, NG for Corporate
5th & 6th digits - denotes type of bond e.g. GS, BZ
Security Name Symbol Symbol - e.g. CG2019
Issue Name Coupon Coupon – e.g. 7.28%
Maturity Date Maturity Date Maturity Date (DD-MMYYYY)– e.g. 03-06-2019
Settlement Type Settlement Type T1