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8. Investment in debt mutual funds where entire corpus is invested in debt securities.
Call Money Market
• - Indian Financial Network (INFINET), a closed user group to the Members of the
Negotiated Dealing System (NDS) who maintain Current account with RBI.
• - Internet gateway for other entities who do not maintain Current account with RBI.
• What is CBLO?
CBLO is explained as under:
• An obligation by the borrower to return the money borrowed, at a specified future
date;
• An authority to the lender to receive money lent, at a specified future date with an
option/privilege to transfer the authority to another person for value received;
• An underlying charge on securities held in custody (with CCIL) for the amount
borrowed/lent.
• Banks, financial institutions, primary dealers,
mutual funds and co-operative banks, who are
members of NDS, are allowed to participate in
CBLO transactions. Non-NDS members like
corporates, co-operative banks, NBFCs,
Pension/Provident Funds, Trusts etc. are
allowed to participate by obtaining Associate
Membership to CBLO Segment.
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