The National Stock Exchange has developed a new platform, the Corporate Bonds Information Database, powered by PRIME Database, to provide comprehensive information on Corporate Bonds to market participants, to encourage the growth of the debt market in India.
Online PR News – 12-September-2013 – Mumbai, Maharashtra – The National Stock Exchange has developed a new platform, the Corporate Bonds Information Database, powered by PRIME Database, to provide comprehensive information on Corporate Bonds to market participants, to encourage the growth of the debt market in India. The database was launched by the Chairman of the Securities and Exchange Board of India, Mr. U K Sinha this evening. Mr. Sinha delivered the keynote address at the event and Ms Chitra Ramkrishna, MD and CEO of NSE gave the welcome remarks. The event was held at the Dr R H Patil Auditorium at NSE, where Mr. Sinha also unveiled a portrait of the late Dr. Patil, the first MD and CEO of NSE.
To begin with, the Information Database shall have comprehensive information on nearly 1500 Corporate Bonds. The coverage includes all bonds listed on NSE since 1st January 2013, some of the highest traded bonds listed in 2012 as well as any other bond, which is available for trading in the NSE Debt Segment. It shall be a one stop shop for all information related to the bonds, both primary market and secondary market related, and it shall become far easier for investors, member brokers, institutions and issuers to find relevant information under one roof, with this database.
Ms Chitra Ramkrishna said “There has been an enduring demand from the investors, industry, regulators, academicians and researchers for an authentic and wide ranging database on Corporate Bonds, for both public as well as privately placed bonds. We hope that this database will help the market community in accessing important data, in a quick and efficient manner, and contribute towards building a dynamic and vibrant debt platform.’’
Chairman NSE, Mr. S B Mathur said’’ India needs a robust debt market on exchanges, to finance the capital requirements of the government and the Corporate sector. I am confident that recent SEBI regulations on debt markets will contribute greatly towards increasing their participation and building liquidity in the segment.’’
The Information database, launched today, carries information on listed corporate bonds, presently scattered and not available on one platform, such as coupon type, coupon rate, coupon frequency, ISIN, face value, allotment date, listing date, maturity date and credit rating from multiple agencies. Going forward, changes in the credit ratings shall also continuously reflect in this database. The database can be accessed through the hyperlink http://www.primedatabase.com/debtsecurities.asp on the NSE website.
Mr. Pranav Haldea, Managing Director, PRIME Database, said that the database presently covers securities from 127 issuers, representing an issue amount of Rs.5 lakhs crore. We shall keep adding data on more debt instruments as we go along.” He added that “To make the data more usable from what is presently available in the public domain, we have normalized and standardized fields available at multiple sources, populated missing gaps and then undertaken an extensive data cleaning and standardizing exercise, to make the database searchable.”
The database is free for market participants, although some more value added data shall be available, at a nominal charge.
NSE had launched a dedicated debt platform in May 2013 and currently both publicly placed and privately placed Corporate bonds are trading on it. There are 191 publicly listed securities or debt instruments trading in the retail segment of the debt platform and 564 non publicly issued corporate bonds in the institutional segment of the debt platform.
The event was held on Tuesday, 10th Sept, 2013
Where : National Stock Exchange of India Limited, Dr. R.H. Patil Auditorium, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051
Time: 5.00 pm
National Stock Exchange of India Limited (NSEL), India’s largest exchange in equity and Equity Derivatives segments was established in the mid 1990’s as a demutualised electronic exchange by leading Indian Financial Institutions. NSE offers trading, clearing and settlement services in a range of products covering various asset classes namely equity, debt, derivatives on equity, currencies and interest rates. NSE provides a modern, fully automated screen based trading system. NSE’s trading platform is connected to two lakh trading terminals, spread across more than 2000 towns and cities giving it an extensive reach. NSE has played an important role in helping reform the Indian securities market and in bringing about transparency, efficiency and market integrity. The exchange conducts more than 1,500 seminars or workshops in different parts of India, every year.
NSE has focused on financial inclusion for nearly two decades. Some of the initiatives include a partnership with 9 universities and colleges to run MBA and post graduate courses in financial markets. The exchange has also partnered with a large number of schools, through CBSE to run courses in financial markets, for senior school students.
NSE is ranked the world’s largest exchange in cash market trades, the world’s largest exchange in currency trading and the second largest in index options and the third largest in index and stock futures. NSE’s flagship index, the Nifty 50, is used extensively by investors and market participants in India and around the world, to take exposure to the Indian equities market. For more information about NSE, please visit: www.nseindia.com.
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