Question

In the IFSCA Circular on Sovereign Green Bonds (SGrBs)

Q: Answer-In the IFSCA Circular on Sovereign Green Bonds (SGrBs) (September 2024), how must trades in the seco...

The circular specifies that trades in the secondary market for Sovereign Green Bonds SGrBs must be settled in USD based on the Delivery versus Payment DVP model.

(September 2024), how must trades in the secondary market be settled?

A Through the Reserve Bank of India (RBI)

B Using physical delivery of bonds

C In INR on a Delivery versus Payment (DVP) model

D In USD on a Delivery versus Payment (DVP) model

E Using electronic settlement on IFSCA platforms

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In the IFSCA Circular on Sovereign Green Bonds (SGrBs)

Solution