SEBI in a move that could boost FII investments in India
In a move that could boost FII investments in India, the Securities and Exchange Board of India (Sebi) on Tuesday, 11 September 2007, permitted acceptance of foreign sovereign securities with ‘AAA’ rating by clearing members as collateral from FIIs for exchange traded derivative transactions. Currently, collateral deposited by FIIs with the clearing members for derivative transactions is in the form of cash. The RBI has already given permission for the new facility.
source - cap mkt
