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      Question

      Under the revised framework for Commercial Papers (CPs),

      what is the requirement for settlement of primary issuance of CPs in terms of time?
      A T+1 working day Correct Answer Incorrect Answer
      B T+2 working days Correct Answer Incorrect Answer
      C T+3 working days Correct Answer Incorrect Answer
      D T+4 working days Correct Answer Incorrect Answer
      E T+5 working days Correct Answer Incorrect Answer

      Solution

      The "Master Direction โ€“ Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity up to one year)" specifies that CPs must be settled within T+4 working days.

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