Clearing Member Clearing members are the members of the Clearing houses those who clears and settles deals via Clearing houses or Clearing corporation. In also addition, a CM (Clearing Member) may clear and settle all deals either on their account or on behalf of their client's subjects to the term and conditions prescribed by the Clearing houses. Whereas, in the case of … [Read more...]
Govt. of India notifies International Financial Services Centre Authority
On Monday 27th of April 2020 through a notification Government of India has established the International Financial Services Central Authority (IFSCA) and the headquarter will be established in Gandhinagar, Gujarat. The notification issued by the Govt. of India brings into certain provisions of the IFSCA Act, 2019. The main function of the authority is to be regulated by some … [Read more...]
RBI announces liquidity support to Mutual Funds worth ₹ 50,000 crore
Last week US-based Franklin Templeton Mutual Funds close its six debt schemes. And the Reserve Bank of India on Monday 27th of April 2020 has announced a ₹ 50,000 crore special liquidity facility for Mutual Funds among heightened volatility in Capital Markets in reaction to COVID-19. These six schemes are: Franklin India Low Duration Fund (FILDF) Franklin India Dynamic … [Read more...]
Capital Market
A Capital Market is a financial market where buyers and sellers engage in trade of financial securities like equities, debentures, bonds, etc. for long-run investment. Long run investments refer to those investments whose lock-in period is more than one year. Capital market and Money market are performed in the same functions. It plays an intermediate role between the investors … [Read more...]