FIMMDA is a voluntary market body for the bond, money,

Solution

FIMMDA stands for Fixed Income Money Market and Derivatives Association of India. • It is an association comprising Scheduled Commercial Banks, Public Financial Institutions, Primary Dealers, and Insurance Companies. • Incorporated on May 4, 1998 under Section 25 of the Companies Act, 1956, it serves as a voluntary market body. • Its primary role is to develop and regulate practices in the fixed income, bonds, money market, and derivatives market segments. • FIMMDA also issues guidelines, standardizes documentation, and provides a platform for discussion among key market participants.